A PYMNTS Company

Sterlite-Sesa Goa merger creating world’s seventh-largest natural resources company approved

By  |  April 24, 2012
Sterlite-Sesa Goa merger creating world’s seventh-largest natural resources company approved

The Competition Commission of India has cleared the merger between Sterlite Industries and Sesa Goa. The merged entity, Sesa Sterlite, will be the world’s seventh-largest natural resources company. Sesa Sterlite will become the holding company of parent Vedanta Resources’ group firms, including Cairn India, Hindustan Zinc, Balco, Vedanta Aluminium, Madras Aluminium, Talwandi Sabo Power and Australian Copper Mines. The merger is designed to synergize activities and is expected to save Vedanta Rs 1,000 crore a year.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Business Standard

     

    Related content: Merger Control in India: Partial Implementation of the ICN Recommended Practices (Neil Campbell & Sorcha O’Carroll, McMillan)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.