Balco arbitrator says Sterlite cannot buy balance 49% stake

Sterlite has been dealt a serious blow in the Balco arbitration matter. The arbitrator says Sterlite cannot buy the balance 49% stake in Balco. This arbitrator award would impact residual stake sale in Hindustan Zinc as well.

January 25, 2011 / 22:42 IST

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Sterlite has been dealt a serious blow in the Balco arbitration matter. The arbitrator says Sterlite cannot buy the balance 49% stake in Balco. This arbitrator award would impact residual stake sale in Hindustan Zinc as well.

The arbitration panel comprised of two former chief justices of India and a third senior judge. When Sterlite acquired Balco

first published: Jan 25, 2011 09:54 pm

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