MoneyWorks4Me

Sesa Goa buys 1.5% more in Cairn India

08 Dec 2011 Evaluate

Sesa Goa, owned by miner Vedanta Resources,HAS bought an additional 1.5% stake in Cairn India at an average price of Rs 325 a share through a stock market deal. Sesa Goa and a unit bought the shares from Cairn UK Holdings through a block deal on the Bombay Stock Exchange. After the deal, Sesa Goa holds 20% of Cairn India. Vedanta is buying a majority stake in Cairn India from British oil firm Cairn Energy in a $6 billion deal.

Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
View more..