Sesa Goa and Sterlite Industries, the two listed firms of the Vedanta group, will hold shareholders’ meets this week to seek approval for a group restructuring. Under this exercise, Sterlite will amalgamate into Sesa Goa — three shares of Sesa Goa will be issued for five shares of Sterlite. All former subsidiaries of Sesa Goa and Sterlite will either automatically become subsidiaries of the new entity, Sesa Sterlite, or will be merged with it. While the company is confident that the merger will create value, there are some concerns for minority investors.(Click on graphic)
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