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Sterlite and Sesa Goa Shares Fall On Union Plan

The share is falling down after the merging plans done by Sesa Goa and Sterlite on last Monday. The parent Vednata Resources decided to merge the company with group from Sterlite Industries and set a swap ratio of three Sesa Goa shares for every five Sterlite shares.

Sesa Goa Logo
Sesa Goa

 The brokerage Prabhudas Liladhar said the proposed deal would lower Vedanta’s debt, but was negative for Sterlite and Sesa shareholders. That’s why shareholders of both the companies are in worry for their investments.

Sterlite Industries Logo
Sterlite Industries

At 11:39 am, Sesa Goa was down by 9.9 percent at 204.2 rupees and Sterlite lost by 1.35 percent to 117 rupees. This was a huge loss for both the companies after their news of merge in the market.

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