- Sesa Goa Limited announces that it has acquired the remaining 49% of the outstanding common shares of Western Cluster Limited 2013 -Sesa Goa All Share Merger of Sesa Goa And Sterlite Industries becomes Effective -Change in Name of Sesa Goa Limited to Sesa Sterlite Limited 2014 -SSL- Kitchen Waste Producing Cooking Gas and Creating Greenery in Lanjigarh ~ CSR and Competitiveness … Shares of Sesa Sterlite on Tuesday fell by over 3 percent after the CBI registered a preliminary enquiry against Vedanta Group Chairman Anil Agarwal and unknown officials in connection with alleged irregularities … Since then, it has grown to be one among the top low-cost producers of iron ore in the country. This resulted in a ban on Sterlite from accessing capital markets for 2 years. Sterlite Industries Ltd. is into manufacturing of copper, aluminium and zinc. Similarly, shares of Sterlite Industries also declined by 2.53 per cent to Rs 115.65. Shares in miners, such as Sesa Goa and Sterlite Industries, fell more than 5 percent on worries over cuts to output and exports by India - the world's former No. Target Price: Rs191 Upside: 19% Sterlite Industries BUY Sector: Non-ferrous CMP: Rs94 Target Price: Rs115 Upside: 22% . Vedanta Share Price, Vedanta Stock Price, Vedanta Ltd. Stock/Share prices, Vedanta Ltd. Live BSE/NSE, F&O Quote of Vedanta Ltd. with Historic price charts for NSE / BSE. Accordingly, for every 5 shares of Sterlite, 3 Sesa Goa shares will be issued and Sterlite will merge into Sesa Goa, which will be christened Sesa Sterlite. 6200 from from buying 500 shares of Sterlite Industries Ltd.@104 and sell it once company announce its Merger date, because Till that date Price of Sterlite Industries Ltd is likely to During the day, they touched a high of Rs 224.90 and low of Rs 210.05. The steps for the proposed transaction are: 1) Sterlite will merge into Sesa Goa to create Sesa Sterlite, through the issue of Sesa Goa shares to shareholders of Sterlite. On Tuesday, the share prices of Sesa Goa and Sterlite Industries crashed 5.69 per cent at Rs 160 and 4.32 per cent at Rs 94.05 at the closing session on the BSE after media reports said that Goa Gover We estimate ebitda of Rs 520 crore for Sesa Sterlite's Karnataka mining operations (including small portion for pig iron business) for FY15e. VEDANTA Change . The stock finally ended at Rs … Based on Sesa Goa’s closing price on on 24 Feb ‘12 of Rs227/share the value of MALCO equates to Rs17.9bn (US$363mn) including the value of MALCO’s existing 3.6% shareholding in Sterlite. Sun Pharmaceuticals Industries Ltd Share Price- Get Sun Pharmaceuticals Industries Ltd Stock/Share prices. Check Hindalco Industries Ltd's Live BSE/NSE prices with Historic data. Sesa Sterlite shares rose around 7 per cent on Tuesday on the back of recovery in metal prices. The merger, to be executed through an all-share transaction, will give birth to Sesa The company was founded in 1954, as Scambi Economici SA Goa. Vedanta Resources, the holding company of Sesa Goa and Sterlite Industries, has decided to merge the two companies in a bid to cut debt and improve cash flows. Iron ore mining accounts for only 2% of the Sesa Sterlite's overall ebitda (Rs 28,100 crore for FY15e). Sterlite Copper represents a key aspect of Vedanta Limited’s Copper Business. The company has divested its telecommunications operations into another ... More. NO!…It’s worth much more . i ii) Sterlite Industries closed at 118, is likely to rule between 115-120, as it will rule based on 60% market price of Sesa Goa (swap ratio of 3 shares of Sesa for 5 shares of Sterlite held) less 5% of this effective valuation. Shares of Sesa Goa and Sterlite Industries tumbled up to 9 per cent on Monday, after the announcement of a merger of the two companies by parent Vedanta group. In 2001, Sterlite industries, BPL and Videocon were found guilty by the Securities Exchange Board of India of having colluded with the broker Harshad Mehta and 17 brokers (10 from BSE and 7 from NSE) in a bid to corner shares and rig shares prices. Read more about Sesa Goa, Sterlite merger to cut Vedanta debt by 60% on Business Standard. ii) Sesa Goa closed at 227, is likely to correct to 205, recording a fall of about 8% to 9%. Sesa Goa shares plummeted by 11 percent to Rs 202.10 during the day on the BSE. Institutional Equities 2 Sesa Goa / Sterlite Industries Exhibit 1: Change in our earnings estimates (Sesa Goa) Description Earlier assumptions New assumptions Change (%) (Rsmn) FY13E FY14E FY13E FY14E FY13E FY14E Volume (tn) Iron ore (mt) 14.8 16.3 9.0 12.9 (39.2) (20.9) … Posted on Sunday, November 1, 2009 Monday, November 2, 2009; 5 Comments; This posting on Sesa Industries should serve both prime purposes of Investor Education and Protection . The stock finally ended at Rs 203.60, down 10.45 per cent from the last closing price. Sesa Sterlite shares down over 3% on CBI investigation. During 2002, the company bought the government stake in Bharat Aluminium (Balco) and Hindustan Zinc. Sterlite Industries (India) Ltd.(Merged) Share/Stock Price Stock Analysis of Sterlite Industries (India) Ltd.(Merged), Future Prospects, experts view on buy/sell/hold Sterlite Industries (India) Ltd.(Merged) shares. Sesa Goa shares plummeted by 11 per cent to Rs 202.10 during the day on the BSE. In the process, the market value of the company was eroded by Rs 2,065 crore to Rs 17,694 crore. Find the latest SESA STERLITE LIMITED (SSLT.BO) stock quote, history, news and other vital information to help you with your stock trading and investing. We Provide Best stock tips for Sesa Goa Ltd. A1 Intraday Tips is accurate share tips Provider Company in India in Nse market. Appreciation per share in case of Sterlite if Bought@104 6200/500 12.4 Actual Return = Rs. The consolidation will create world’s seventh largest global diversified natural resources major by earnings before interest, taxes depreciation and amortisation (EBITDA). Since its inception in 1996, Sterlite Copper has steadily grown to become one of the leading contributors to copper production in India, contributing upto 40% of India’s demand for refined copper. Goa temporarily halted iron ore mining from Tuesday to check if operations were legal, a move that is expected to further dent exports from India and support flagging global prices. A1 Intraday Tips, also provide Daily Charts with Nse Share Market current price of Sesa Goa Ltd with today performance in nse market.Contact Us for Jackpot Stock tips.. Get Free Stock Tips for Sesa Goa Ltd Sesa Goa Ltd share price today (on 2 January 2021). Hindalco Industries Ltd Share Price- Get Hindalco Industries Ltd Stock/Share prices. Sterlite Industries, Sesa Goa, Vedanta Alumina and MALCO and transfer of Vedanta’s stake in Cairn India to the merged entity with an associated debt. Tag: Unlisted Sesa Industries Private Share Price Offer of R Unlisted Sesa Industries has buyers off market at Rs 600…but should you sell ? Check Sun Pharmaceuticals Industries Ltd's Live BSE/NSE prices with Historic data. Sterlite Industries (India) Ltd Ashwin Bajaj, Tel: +91 22 6646 1531 Senior Vice President - Investor Relations sterlite.ir@vedanta.co.in or Sheetal Khanduja, Tel: +91 22 6646 1531 Also get to know the Latest Financials, News, Research Reports, … KOLKATA: The Vedanta group's proposed merger of its subsidiaries Sesa Goa Limited and Sterlite Industries (India) Limited to create 'Sesa Sterlite' has become effective. During 1991-1995, it diversified into the manufacture of pig iron and metallurgical coke. We maintain 'add' on Sesa Sterlite Ltd share price with a target price of Rs 210 per share. Sesa Goa Iron Ore, a Vedanta Group company is engaged in exploration, mining and processing of iron ore. Mumbai: Shares of Sesa Goa and Sterlite Industries closed with losses -- while the iron ore miner lost 10.45 percent, the metals major was down by 2.53 percent --on the bourses Monday, following announcement of merger of the two companies by the parent Vedanta group. 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