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No stay on Sesa Goa open offer

The Supreme Court on Friday refused to restrain Vedanta Resources’ subsidiary Sesa Goa from launching an open offer to buy 20 per cent stake in Cairn India.

business Updated: Aug 27, 2010 20:58 IST
PTI

The Supreme Court on Friday refused to restrain Vedanta Resources’ subsidiary Sesa Goa from launching an open offer to buy 20 per cent stake in Cairn India.

The main matter pertains to validity of acquisition of Vedanta’s acquisition of Sesa Goa from Japan’s Mitsui & Co.

First Published: Aug 27, 2010 20:57 IST