STL Networks to Incorporate Wholly Owned Subsidiary for Data Centers

STL Networks Limited's Authorisation and Allotment Committee has approved the incorporation of a wholly owned subsidiary (WOS) in India. This WOS will focus on establishing, acquiring, owning, operating, managing, and marketing data center and telecommunication infrastructure, data center solutions, and connectivity services. The subsidiary aims to enhance operational flexibility, scalability, and growth within the digital infrastructure and telecommunications sector. The incorporation is subject to approval from the Registrar of Companies (ROC) under the Companies Act, 2013. STL Networks will subscribe to 100% of the initial paid-up share capital at face value.