All-Share Merger Of Sesa Goa & Sterlite Industries Becomes Effective

(RTTNews) - Sesa Goa Ltd. and Sterlite Industries (India) Ltd. announced that merger of Sterlite and The Madras Aluminium Company Ltd. or MALCO with Sesa Goa and transfer of MALCO power plant to Vedanta Aluminium Limited or VAL under the Scheme of amalgamation and arrangement amongst Sterlite, MALCO, Sterlite Energy Ltd. or SEL, VAL and Sesa Goa and their respective Shareholders and Creditors and the Scheme of Amalgamation of Ekaterina Limited with Sesa Goa and their respective Shareholders and Creditors has become effective.

As already announced, August 28, 2013 has been fixed as the Record date for determining the list of the shareholders of Sterlite, MALCO and Ekaterina to whom the equity shares of the Sesa Goa will be allotted as per terms of the scheme.

Every equityholder of Sterlite holding five equity shares in Sterlite of Re. 1 each fully paid up as of the Record Date shall be entitled to be issued three shares of face value Re. 1 each, at par, credited as fully paid up, of the Sesa Goa. Every holder of Sterlite ADSs holding 5 Sterlite ADSs shall be entitled to receive 3 Sesa Goa ADSs.