Sterlite Technologies agrees to pay about Rs 4 cr to Data Management Centre to settle dispute

New Delhi: Broadband technology firm Sterlite Technologies has agreed to pay $4,67,400 (about Rs 4 crore) to the Data Management Centre for dispute settlement, a regulatory filing said on Monday. Data Management Centre had claimed damages worth $2.7 million (about Rs 23 crore) before the Singapore International Arbitration Centre against Sterlite Technologies (STL) for delay and failure by the broadband technology company to meet obligations under their agreement.