Vedanta’s wholly owned subsidiary-- Sesa Resources has received approval for the acquisition of 100% shares of Sterlite Iron and Steel Company (SISCOL). The acquisition of SISCOL forms part of overall group simplification exercise being undertaken by Vedanta group. Pursuant to the said acquisition, SISCOL shall become a step-down subsidiary of Vedanta. Cost of acquisition is Rs 1 lakh. The said acquisition is expected to be completed by FY 2024-25. The Board of Directors of the company at its meeting held on November 08, 2024, has considered and approved the same. 

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.