India: Anil Agarwal's Sterlite Technologies to acquire Elitecore for $27m

India: Anil Agarwal's Sterlite Technologies to acquire Elitecore for $27m

Visual sourced from the Sterlite Technologies website

NRI billionaire Anil Agarwal-led Sterlite Technologies Ltd. (STL) is acquiring Carlyle-backed Elitecore Technologies, a telecom software product company, for an overall enterprise value of about $27 million (Rs 180 crore) in an all-cash deal, the company said in a press statement.

First Carlyle Ventures Mauritius currently holds a majority stake in Elitecore that provides operations support services (OSS), business support services (BSS), packet core and carrier Wi-Fi solution with flexibility of modular as well as pre-integrated offerings.

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