STL Networks to Incorporate Wholly Owned Subsidiary for Data Centres

STL Networks Limited's Authorisation and Allotment Committee has approved the incorporation of a Wholly Owned Subsidiary (WOS) in India. This new entity will focus on establishing, acquiring, operating, and marketing data centre and telecommunication infrastructure, along with related solutions and connectivity services. The WOS aims for operational flexibility, scalability, and growth within the digital infrastructure and telecommunications sector. The incorporation will be under the Companies Act, 2013, with STL Networks subscribing to 100% of the initial paid-up share capital at face value.