Sterlite Technologies has completed the 100% acquisition of Elitecore Technologies Private (Elitecore), a global telecom software product company from First Carlyle Ventures Mauritius (whose affiliate is advised by The Carlyle Group) and other shareholders.

The acquisition has been completed in accordance with the terms set out in the agreement announced on Sep. 22, 2015. Going forward, Elitecore is proposed to be merged into Sterlite.

The acquisition of Elitecore is in line with Sterlite's overall strategy of widening its telecom portfolio of offerings to its global customers.

In addition to its current offerings comprising optical products and allied system integration services, Sterlite will now offer industry leading software solutions for operations support, business support and revenue management.

Shares of the company gained Rs 1.6, or 1.86%, to trade at Rs 87.85. The total volume of shares traded was 180,005 at the BSE (12.25 p.m., Wednesday).