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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 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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