Vedanta Acquires Dempo’s Goan Assets

14 June 2009 (Last Updated June 14th, 2009 18:30)

Sesa Goa, a subsidiary of UK-based Vedanta Resources, has acquired Dempo Group’s Goa mining assets in an all cash deal worth Rs1,750 crores. The assets include a number of mining leases and rights estimated at 70 million tons of iron ore, as well as related mining infrastructure.

Sesa Goa, a subsidiary of UK-based Vedanta Resources, has acquired Dempo Group’s Goa mining assets in an all cash deal worth Rs1,750 crores.

The assets include a number of mining leases and rights estimated at 70 million tons of iron ore, as well as related mining infrastructure.

The deal is set to ensure the long-term success of Dempo’s operations, the company said.