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Sesa Goa acquires 10.4% Stake in Cairn India from Petronas

Sesa Goa Limited has acquired 200 million shares amounting to 10.4% stake in Cairn India from Petronas International Corporation Limited (“Petronas”) at a price of Rs.331 per share.

The acquisition is in addition to the open offer launched by Sesa Goa on Monday – April 11, 2011 and the open offer will continue as per the letter of offer dated April 11, 2011.

Source: Equity Bulls

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