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 CompanyDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
