Sesa Sterlite Limited - Sesa Sterlite Ltd reply to clarification sought by the exchange
| < Back | |
| 12 Jan 2015 | |
| The Exchange had sought clarification from Sesa Sterlite Ltd with respect to news appearing in Business Standard on January 12, 2015 titled "HZL, Sesa Sterlite and Cairn India to be merged with the Vedanta Group."<BR><BR>Sesa Sterlite Ltd replied stating "The media reports your email refers to were written on the basis of an interview by the Press Trust of India with our Chairman Emeritus, Mr.Anil Agarwal / Chairman, Vedanta Resources Plc..<BR><BR>a) Company management evaluates various strategies from time to time to create value for shareholders. We further clarify that at this point of time there is no definite proposal for any merger and no such event or negotiations have taken place.<BR><BR>b) We have simplified the corporate structure at Sesa Sterlite and we will always explore ways that can further help simplify the corporate structure of the group. At various points, we receive solicited and unsolicited comments from various experts on restructuring and related questions.<BR><BR>c) If there is any such event which is considered by the Board of Directors of the Company, as in the past, the Company will make appropriate announcement to the Stock Exchange.<BR><BR>We are committed to fully and responsibly complying with all the requirements of the listing agreement, and to all the regulatory requirements of the Stock Exchange and the appropriate authorities." | |
| View all announcements for Sesa Sterlite Limited | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback