Sterlite Power gets stakeholders’ approval for demerger of its transmission business from SPTL

Sterlite Power Transmission Limited has received approval from its stakeholders for the demerger of its transmission business. The vote on the demerger proposal received 100 per cent approval from secured creditors, 99.26 per cent approval from unsecured creditors, 99.99 per cent from equity shareholders present and voting, and 100 per cent from non-fund-based lenders.