Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we hereby inform you that Sterlite Global Venture (Mauritius) Limited ('SGVML') (a wholly owned subsidiary of the Sterlite Technologies Limited (STL), has agreed to sell the entire stake (amounting to 80% of the entire share capital) held in Impact Data Solutions Limited, UK ('IDS UK') to Hexatronic Group AB (publ.) ('Proposed Transaction'), subject to regulatory approvals, if any. Consequent to the Proposed Transaction, IDS UK and its wholly owned subsidiary Impact Data Solutions BV, will cease to be the subsidiaries of SGVML and step-down subsidiaries of the STL respectively. For this purpose, STL has entered into definitive documents with the relevant parties to record the terms and conditions of the Proposed Transaction and related matters.