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Sterlite: 7 Malco shares for 4 shares

Posted by Yogesh on Tuesday, 9 September, 2008

MUMBAI, Sept 9 Sterlite Industries (India) Ltd, part of the mining group Vedanta Resources, said shareholders would get seven shares in Madras Aluminium Co for every four shares held as part of a restructuring.

Vedanta group owns 80 percent of Madras Aluminium and 62.5 percent of copper producer Sterlite Industries, stock exchange data showed.

Source Reuters

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