*Buy-Back – Open Market*
*Sterlite technologies*
The Board of Directors of the Company, at its meeting held today i.e. March 24, 2020, has approved the buyback of fully paid-up equity shares of face value of Rs. 2/- each of the Company (“Equity Shares”) at a price not exceeding Rs. 150/- (Rupees One Hundred and Fifty only) per Equity Share (“Maximum Buyback Price”) excluding any other expenses incurred or to be incurred for the Buyback like filing fees payable to SEBI, Stock Exchanges fees, advisors fees, public announcement, publication expenses, transaction cost viz., brokerage, applicable taxes such as securities transaction tax, stamp duty, income tax etc., and any other incidental and related expenses (“Transaction Cost”), and such aggregate amount, Rs. 145 Crores (Rupees One Hundred and Forty Five Crores only) (“Maximum Buyback Size”) from the open market through stock exchange mechanism in such manner as may be prescribed in the Companies Act, 2013 (as amended) and rules made thereunder and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”) (“Buyback”).