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
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
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