India-based telecom and power transmission equipment manufacturer and services provider Sterlite Technologies has agreed to acquire India-based operations and business support services company Elitecore Technologies from global alternative asset manager The Carlyle Group in an all-cash deal valuing the company at INR1.8 billion (approximately US$27 million). Carlyle originally acquired a majority stake in Elitecore in 2007. The transaction is subject to regulatory and statutory approvals. Post-transaction, Elitecore plans to merge into Sterlite.