Sesa Sterlite is currently trading at Rs. 302.60, up by 5.55 points or 1.87% from its previous closing of Rs. 297.05 on the BSE.
The scrip opened at Rs. 297.50 and has touched a high and low of Rs. 303.50 and Rs. 297.50 respectively. So far 245799 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 318.40 on 06-Jun-2014 and a 52 week low of Rs. 119.45 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 304.30 and Rs. 289.00 respectively. The current market cap of the company is Rs. 89473.88 crore.
The promoters holding in the company stood at 54.96%, while Institutions and Non-Institutions held 25.42% and 11.22% respectively.
Sesa Sterlite’s promoters have raised their holding in the past one-and-a-half months through creeping acquisition route. Twin Star Holdings, the promoter group company, has bought an additional 59.43 million shares representing 2% of total equity capital of the company between May 20 and June 20, 2014.
Moreover, the Anil Agarwal-controlled Mauritius-based Twinstar Holdings, the parent company of Sesa Sterlite, has purchased these shares from open market on BSE and NSE. The promoter has acquired these shares for about Rs 1,700 crore, based on an average market price of Rs 285.80 during this period.
Post acquisition, total holdings of Twin Star Holdings has increased to 40.61% from 38.61% earlier.
Sesa Sterlite is one of the world’s largest diversified natural resource companies. Its business primarily involves exploring, extracting and processing minerals and oil & gas.
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