Understanding the Merger of Sterlite Industries and Your Investment Implications

Investors like you have been tracking the performance of Sterlite Industries for a long time. You own 111 shares at a value of 108.40 Rs, from the year 2013. Unfortunately, the company has faced significant challenges over the years, and it is no longer trading at a higher value. Upon recent investigation, you discovered that around the time of the current financial year, your shares were amalgamated with another entity. This article will explain what this means and how it affects your investment.

What Does Amalgamation Mean?

Amalgamation in a corporate context refers to the process where two or more companies combine to form a single entity. In the case of Sterlite Industries, this merger has resulted in the creation of a new corporate entity that now holds the assets and liabilities of both companies.

How Will This Merger Affect Your Shares?

The merger of Sterlite Industries with Vedanta Resources Limited means that your shares in the old company are now transferred to the new entity. This might affect the value of your investment and the number of shares you hold. Typically, such mergers lead to changes in company structure, which can impact share prices and ownership.

Contacting the New Company for Share Replacements

To ensure that your investment is protected and to understand the new shareholding situation, you should contact the new company, Vedanta Resources plc, with your details. Here are the contact information for the investor relations department:

Vedanta Resources plc Investor Relations

Ashwin Bajaj
Senior Vice President – Investor Relations
Tel: 91 22_6646_1531

Investor Relations
Sheetal Khanduja
AGM – Investor Relations
Tel: 91 22_6646_1531

It is important to validate these contact details to ensure that you are reaching the correct individuals at the company. Make sure to inquire about the new shares that you are entitled to in place of your original shares.

Further Reading and Support

For more detailed information regarding the merger, refer to the press release issued by Sterlite Industries India Limited on February 25, 2012. This document provides a comprehensive overview of the merger process and its implications:

Press Release of Sterlite Industries India Limited dated February 25, 2012

This press release can be found on the official Vedanta Resources website or in the corporate announcements section of relevant financial news websites. It is a crucial document that can help you understand the legal and financial aspects of the merger.

To ensure your investment is properly accounted for in the merger, it is essential to keep an eye on the legal and financial progress of the transaction. Regularly checking for updates on the company’s official website and related financial news sources will help you stay informed.

In conclusion, the merger of Sterlite Industries with Vedanta Resources is a significant event that requires active engagement with the new company. By seeking information and clarification from the investor relations department, you can ensure that your investment is safeguarded and that you are aware of any changes in your shareholding.