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Sesa Sterlite Limited renamed Vedanta Limited

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RNS Number : 9555K
Vedanta Resources PLC
22 April 2015
 



 

 

22 April 2015

Vedanta Resources plc
Sesa Sterlite Limited renamed to Vedanta Limited

 

Vedanta Resources Plc's subsidiary Sesa Sterlite Limited today made the below announcement to the Indian Stock Exchanges.

  

           

Sesa Sterlite Limited renamed Vedanta Limited

 

New Delhi, India, April 22, 2015: Sesa Sterlite Limited ('Sesa Sterlite' or 'the Company') hereby announces that it has changed the name of the Company from its present name, 'Sesa Sterlite Limited' to 'Vedanta Limited'.

 

The Shareholders of the Company approved the name change of the Company through Postal Ballot, results of which was announced on March 30, 2015. The name change to Vedanta Limited is now effective post issue of 'Fresh Certificate of Incorporation' issued by the Registrar of Companies, Goa, Ministry of Corporate Affairs (MCA), Govt. of India.

 

"The name change from Sesa Sterlite to Vedanta Limited promises a united and aligned identity, Vedanta, which positions us to create greater value for our domestic and global stakeholders, as a diversified natural resources group of companies. Vedanta embodies commitment to deliver world class excellence with low cost operations and superior shareholder returns," said Mr. Tom Albanese, Group CEO, Vedanta, adding that this is a significant milestone which reflects Vedanta's commitment to strengthen the linkage between our business, communities and stakeholders.

 

Vedanta Limited, the Indian subsidiary of London listed, Vedanta Resources Plc, a globally diversified natural resources company, is engaged in the exploration and production of aluminium, zinc, lead silver, copper, iron ore, oil & gas and commercial power.

 

The change in the name of the company will have no impact on the operations of subsidiary companies, viz., Cairn India Limited, Hindustan Zinc Ltd (HZL) and Bharat Aluminium Co. Ltd (BALCO) and the divisions of Vedanta Limited.

For further information please contact:

 

Communications

Roma Balwani

President - Group Communications, Sustainability

and CSR

Tel: +91 22 6646 1000

gc@vedanta.co.in

 

Investors

Ashwin Bajaj

Director - Investor Relations

 

Anshu Goel

Vice President - Investor Relations

 

Radhika Arora

Associate General Manager - Investor Relations

 

Finsbury

Daniela Fleischmann

Tel:  +44 20 7251 3801

 

 

 

 

Tel:  +44 20 7659 4732

Tel:  +91 22 6646 1531

ir@vedanta.co.in

 

 

About Vedanta Resources plc

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information, please visit www.vedantaresources.com.

 

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

 


This information is provided by RNS
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