Sesa Sterlite renamed as Vedanta

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Moneycontrol Bureau

Sesa Sterlite has changed its name to Vedanta. "The shareholders of the company approved the name change of the company through postal ballot, results of which was announced on March 30, 2015. The name change to Vedanta is now effective post issue of fresh certificate of incorporation issued by the Registrar of Companies, Goa, Ministry of Corporate Affairs (MCA), Govt. of India," said the company.

Vedanta embodies commitment to deliver world class excellence with low cost operations and superior shareholder returns,” said Tom Albanese, Group CEO, Vedanta.

Vedanta, the Indian subsidiary of London listed, Vedanta Resources Plc, a globally diversified natural resources company, is engaged in the exploration and production of aluminium, zinc, lead silver, copper, iron ore, oil & gas and commercial power. 

The change in the name of the company will have no impact on the operations of subsidiary companies, viz., Cairn India Limited, Hindustan Zinc Ltd (HZL) and Bharat Aluminium Co. Ltd (BALCO) and the divisions of Vedanta.