Sterlite Rights Issue
December 18 2003 - 1:21AM
UK Regulatory
RNS Number:4085T
Vedanta Resources PLC
18 December 2003
18 December, 2003
Vedanta Resources plc
Sterlite Industries (India) Limited - Rights Issue
Vedanta Resources plc is pleased to announce that Sterlite Industries (India)
Limited, an Indian listed subsidiary company, has today informed the Bombay
Stock Exchange (as required by local listing requirements) that a Board meeting
has been convened for Wednesday 24 December 2003 to consider the issue of new
Sterlite shares by way of a rights issue.
Vedanta will fully support the issue of new Sterlite shares. This development
will advance Vedanta's stated strategy of applying the proceeds of the London
listing to fund its US$2 billion investment programme and of releasing the value
contained in the current group ownership structure.
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For further information contact:
Peter Sydney Smith Tel: +44 207 629 6070
Finance Director
Vedanta Resources plc
Andrew Lorenz Tel: 44 207 831 3113
Financial Dynamics
Jon Simmons Tel: +44 207 831 3113
Financial Dynamics
This information is provided by RNS
The company news service from the London Stock Exchange
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