The division bench of Bombay High Court at Goa has set aside the scheme of amalgamation of mining major Sesa Goa's subsidiary firm Sesa Industries with Sesa Goa, the company informed the Bombay Stock Exchange today.
Single judge of Bombay High Court at Goa had approved the scheme of amalgamation on December 18, 2008. The company is examining legal recourse, Sesa Goa said.
The company share price has declined by 2.7% at Rs 79.85 in the afternoon trade.