SESA STERLITE

  • Sensex surges nearly 257 points to end at 21,289.49 January 15, 2014

    Mumbai: Allround buying after wholesale inflation declined to a fivemonth low lifted the benchmark Sensex today by nearly 257 points to its highest level since December 9 on hopes the RBI will lower interest rate to boost economic growth. The NSE barometer Nifty also jumped over 79 points to reclaim the 6,300point...
  • Sesa Goa shareholders approve merger with Sterlite June 25, 2012

    Shareholders of iron ore miner Sesa Goa have approved of the SesaSterlite merger, against analysts expectation of some opposition. Shares of Sesa Goa reacted to this news and were up 1.26 per cent to Rs 188.25. On February 25, London Stock Exchangelisted Vedanta Resources (parent company of SesaSterlite) had announced to...
  • Investors see risks to Vedanta shakeup plan February 28, 2012

    London: Investors welcomed Londonlisted miner Vedanta's plan to streamline its structure, improve access to cash and reduce debt, saying the pressure is now on the company to implement the plan after a similar exercise failed more than three years ago. Shares in the Indiafocused miner, boosted last week by hopes of...
  • Vedanta to merge Sesa Goa, Sterlite Industries February 26, 2012

    Mumbai: Vedanta Resources plans to simplify its structure by placing all but one of its subsidiaries under the umbrella of a single unit, to be named Sesa Sterlite, as part of efforts to cut costs, improve access to cash and reduce the Indiafocused miner's debt burden. FTSE100 diversified miner Vedanta, which...