Sesa Goa is currently trading at Rs. 132.20, up by 1.60 points or 1.23% from its previous closing of Rs. 130.60 on the BSE.
The scrip opened at Rs. 131.00 and has touched a high and low of Rs. 136.30 and Rs. 126.00 respectively. So far 236957 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 205.40 on 07-Jan-2013 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. 140.50 and Rs. 129.45 respectively. The current market cap of the company is Rs. 11754.60 crore.
The promoters holding in the company stood at 55.13% while Institutions and Non-Institutions held 31.49% and 13.39% respectively.
Sesa Goa and Sterlite Industries’ merger scheme, together with several other group firms, has become effective, after getting final approval from the Goa Bench of Bombay High Court. As per the approval, Malco’s power plant has been transferred to Vedanta Aluminium. It will be allotting the shares on August 28 to the respective shareholders as per the merger scheme.
With this initiative, both the firms aim to create mega Indian natural resources giant, Sesa Sterlite. It will also result in Rs 1,000 crore annual saving for Vedanta through a reduction in debt-servicing cost as most of its debt gets transferred to the new entity. As per the merger scheme, now Sesa Sterlite will be the holding company of all group firms of Vedanta other than Konkola Copper Mines (KCM) in Zambia. Vedanta will hold 58.3% in Sesa Sterlite and 79.4% stake in KCM.
| Company Name | CMP |
|---|---|
| Hindalco | 1038.95 |
| Vedanta | 787.60 |
| Hindustan Zinc | 592.35 |
| Jain Resource Recycl | 420.90 |
| Gravita India | 1639.80 |
| View more.. | |
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