Unitech Limited has sold its power transmission business, Unitech Power Transmission Limited (UPTL), to Sterling and Wilson Private Limited for an undisclosed amount. Unitech Limited has entered into a share purchase agreement with Sterling and Wilson to sell the entire issued and paid-up share capital of UPTL. After completion of the transaction, UPTL will become a wholly owned subsidiary of Shapoorji Pallonji, which is the promoter of Sterling and Wilson Private Limited.
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