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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sterlite Ind.I. Adr/4 IR1 | NYSE:SLT | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.22 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
Sterlite Industries Ltd. (500900.BY), a unit of Vedanta Resources PLC (VED.LN), said Wednesday a U.S. bankruptcy court has rejected its claim for a refund of $50 million it had paid as part of a process to acquire the U.S.-based miner Asarco LLC.
With the rejection of the claim, Sterlite will have to pay a total of $132.75 million as damage to Asarco for its unsuccessful takeover bid in 2009.
Sterlite lost a bidding war for Asarco after a Texas bankruptcy court approved a rival restructuring plan for the company proposed by Asarco's corporate parent, Grupo Mexico SAB (GMEXICO.MX).
-By Prasenjit Bhattacharya, Dow Jones Newswires; 91-11-4356-3358; prasenjit.bhattacharya@dowjones.com
1 Year Silverline Tech 1:10 Chart |
1 Month Silverline Tech 1:10 Chart |
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