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Sesa Sterlite completes merger of Sterlite Infra with itself

09 Apr 2015 Evaluate

Vedanta Group company Sesa Sterlite has completed the merger of its subsidiary Sterlite Infra with itself. The merger is effective from April 8, 2015. Earlier, the Madras High Court had approved the scheme of amalgamation of the Sterlite Infra with the company on March 25, 2015.

Last month, another subsidiary of the company, Goa Energy was merged with it following Bombay High Court order.

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.

 

Peers
Company Name CMP
Hindalco Industries 943.85
Vedanta 255.25
Hindustan Zinc 562.55
Jain Resource Recycl 287.40
CMR Green Tech 224.15
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