Friday, April 22, 2011

Sesa Goa Cairn India Open Offer Update

Sesa Goa Ltd has informed BSE that:

"This is with reference to the Open Offer. This reporting is being made pursuant to Regulation 22 (17) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SAST Regulations").

On April 19, 2011 Sesa Goa Limited acquired 200,000,000 equity shares of Cairn India Limited ("CIL") aggregating to approximately 10.51% of the total paid up share capital of GIL from Petronas International Corporation Ltd. operating through their broker DSP Merrill Lynch Limited, at an avenge price of Rs. 331 through block deals on the Bombay Stock Exchange."

Source: BSE Corporate Announcements

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