Vedanta Resources, the London-listed holding company, will sell its stake in three companies in India to its Indian subsidiary Sterlite Industries in an all-share deal, two people with direct knowledge of the development said.
Vedanta, owned by billionaire Anil Agarwal, will sell its 100% stake in Vedanta Aluminium, the 94.8% it owns in Madras Aluminum and its 38% stake in oil refiner Cairn Energy to Sterlite Industries to make its subsidiary a metal, mining and oil giant.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/vedanta-sell-stake-three-cos-subsidiary-sterlite
[2] http://admin.indiaenvironmentportal.org.in/category/author/debabrata-das
[3] http://admin.indiaenvironmentportal.org.in/category/author/baiju-kalesh
[4] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/vedanta-aluminium
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mineral-based-industry-0
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/power-industry
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/copper-industry
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
