Sesa Sterlite Limited renamed Vedanta Limited
The Shareholders of the Company approved the name change of the Company through Postal Ballot, results of which was announced on Mar 30.
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 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,' read an official statement.
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