STL Networks to incorporate wholly owned subsidiary STL Networks DC Limited
STLNETWORK · price
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The Authorisation and Allotment Committee of STL Networks approved incorporating a wholly owned subsidiary named STL Networks DC Limited in India. The WOS will operate in the digital infrastructure and telecom sector, focusing on data centre and connectivity solutions. Initial paid-up capital is about Rs 1,00,000 (50,000 equity shares at Rs 2 face value), fully subscribed in cash by STL Networks. ROC approval under the Companies Act, 2013 is required. The committee meeting ran from 3:30 PM to 4:00 PM IST on September 15, 2026.
Strategic entry into data centre and connectivity business via a new 100 percent subsidiary; initial capital outlay is minimal, with execution and funding plans to watch.