Balco setback: Sterlite has strong case, says Tulsian

An arbitration panel struck down Sterlite Industries' Call option to acquire a 49% stake in BALCO. Market analyst SP Tulsian of sptulsian.com says he expects the order will be challenged by Sterlite.

January 27, 2011 / 15:48 IST

26 Aug, 2025 12:21

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A day after an arbitration panel struck down Sterlite Industries' Call option to acquire a 49% stake in BALCO, CNBC-TV18 learns that the government is open to all options including negotiations with BALCO, provided it gets a good value for the stake. In fact, difficulties in valuations will be a key in making the decision.

In an interview CNBC-TV18, SP Tulsian of sptulsian.com said he expects the order to be challenged by Sterlite. "Sterlite seems to be having a strong case in their favour and this will also be setting a precedent for them to go on the similar lines for Hindustan Zinc also."

Below is a verbatim transcript of the interview. Also watch the video.

Q: What do you make of this ruling, which says this 49% call option, is violation of Company

first published: Jan 27, 2011 03:08 pm

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Balco setback: Sterlite has strong case, says Tulsian

An arbitration panel struck down Sterlite Industries' Call option to acquire a 49% stake in BALCO. Market analyst SP Tulsian of sptulsian.com says he expects the order will be challenged by Sterlite.

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