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Sesa Goa Ltd Announces Scheme of Amalgamation and Arrangement With Sterlite Energy Ltd And Vedanta Aluminium Ltd; Subsidiary Acquires 38.68% Stake In Cairn India Ltd

Monday, 19 Aug 2013 10:55pm EDT 

Sesa Goa Ltd announced that the merger of Sterlite Energy Limited (SEL) with Sesa Goa and the demerger of the Aluminium Business Undertaking of Vedanta Aluminium Limited (VAL) into Sesa Goa pursuant to the Scheme of Amalgamation and Arrangement have become effective. Company's wholly owned subsidiary, Bloom Fountain Limited, would acquire 38.68% stake in Cairn India Limited together with the associated debt, effective August 26th, 2013. 

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8.75 +4.20%
5:21am EST