Anil Agarwal-led Vedanta Group has announced plans to merge Sterlite industries to Sesa Goa as part of its restructuring exercise. The merger will be done by an all-share transaction. Post consolidation Vedanta will own a 58.3 per cent shareholding in the new Sesa-Sterlite structure.“The merger of Sesa Goa to Sterlite will be at a 3:5 ratio,” Vedanta said after its board meeting Saturday. This means that for every 5 shares of Sterlite, 3 Sesa Goa shares will be issued.
Source: NDTV
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