Shares of Sterlite Industries tanked almost 4% as reports of merger with group company Sesa Goa did not go down well with investors. The shares were trading at Rs 115.10, down by Rs 4.15 at 10.10 am IST.
Ever since reports of the merger, shares of Sterlite Industries have fallen gradually from Rs 132 to the current level of Rs 115.50.
Sterlite Industries is one of India's largest non-ferrous metals and mining company and is a subsidiary of Vedanta Resources.
Vedanta has clarified that it is a strategy to simplify and consolidate its corporate structure and the management reviews options to deliver this strategy on an ongoing basis and will update the market as appropriate.
Shares of Sesa Goa were trading flat at Rs 236 on the National Stock Exchange.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google