Filled gaps with recent buys; M&A now only for distinctive capability: STL CFO

Sterlite Technologies Ltd (STL) is not actively scouting for large M&As for now, having filled ‘white spaces’ or gaps with recent buys but is open to opportunities if it comes across some ‘distinctive capability’ for the acquisition, according to a senior official.

The digital network integrator’s recent M&A (merger and acquisition) announcements include the acquisition of network integration company Clearcomm Group and Italy-based optical interconnect products firm Optotec.

“At this stage, we have filled the obvious white spaces in the portfolio and we are not looking at any large and significant M&As (merger and acquisitions),” Mihir Modi, chief financial officer of the company, told PTI in an interaction.