The High Court of Bombay at Goa approved on Wednesday the Schemes of Amalgamation and Arrangement for creation of Sesa Sterlite.
Sesa Goa said the High Court, in an order dated April 3, approved the composite scheme involving Sterlite Industries (India) Ltd, Madras Aluminium Co Ltd, Sterlite Energy Ltd, Vedanta Aluminium Ltd and Sesa Goa Ltd and their respective shareholders and creditors and the Scheme of Amalgamation of Ekaterina Ltd with Sesa Goa Ltd and their respective shareholders and creditors.
The Ekaterina Scheme was earlier approved by the Supreme Court of Mauritius in August last year. The composite scheme is also subject to the approval of the High Court of Madras. Sesa Goa, the iron ore miner of the London Stock Exchange-listed Vedanta Resources, said hearings in the Madras High Court were over and the order was awaited.