Stratrix
On the Record · Vedanta

Vedanta acquisitions, on the record

The businesses Vedanta bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Ferro Alloys Corporation Limited (FACOR)
Word for word“During the Fiscal Year 2020, the following events took place: 1. Acquisition of Ferro Alloys Corporation Limited Pursuant to the order dated January 30, 2020 of NCLT, the Company is implementing the approved Resolution Plan for Ferro Alloys Corporation Limited (“FACOR”) .” 20-F for 2020
acquisition——
Sindhudurg unit of Global Coke Limited
Word for word“Vedanta Limited acquired the Sindhudurg unit of Global Coke Limited on July 28, 2019.” 20-F for 2020
acquisitionJuly 28, 2019—
Electrosteel Steels Limited (ESL)
Word for word“We completed the acquisition of ESL, an integrated steel plant on June 4, 2018.” 20-F for 2020
acquisitionJune 4, 2018—
ASI (Japanese manufacturer of LCD glass substrate)
Word for word“On December 28, 2017, the Company acquired 51.6% equity shares in ASI, a Japanese manufacturer of LCD glass substrate for a cash consideration of ₹ 1 million ($ 0.01 million) and acquired debts for ₹ 9,640 million ($ 139 million).” 20-F for 2020
acquisitionDecember 28, 2017—
Cairn India Limited (now Vedanta Limited - oil and gas business)
Word for word“Cairn India Limited (now Vedanta Limited’s - oil and gas business) merged into Vedanta Limited by way of a scheme of arrangement and the Board of Directors of both the companies made the merger operative on April 11, 2017 (the “Cairn India Merger”).” 20-F for 2020
mergerApril 11, 2017—
Sesa Goa Limited and Sterlite Industries (India) Limited (Sesa Sterlite)
Word for word“On February 25, 2012, Vedanta Resources Limited (“Vedanta”), the parent company of Sterlite Industries (India) Limited (“Sterlite” or “SIIL”), Sesa Goa Limited (“Sesa Goa”), Vedanta Aluminium Limited (“Vedanta Aluminium”), Sterlite Energy Limited (“Sterlite Energy”), Cairn India Limited (“Vedanta Limited - oil and gas business”) and The Madras Aluminium Company Limited (“MALCO”) announced an all-share merger of majority owned subsidiaries, Sesa Goa and SIIL, to create Sesa Sterlite Limited (“Sesa Sterlite” or “SSL”) and a consolidation of various subsidiaries held by Vedanta to effect the consolidation and simplification of Vedanta’s corporate structure through two series of transactions (together the “Re-organization Transactions” consisting of the “Amalgamation and Re-organization Scheme” and the “Cairn India Consolidation”).” 20-F for 2020
merger——
Goa Energy Private Limited
Word for word“On March 2, 2012, Sesa Goa acquired 100.0% of the equity share capital of Goa Energy Private Limited engaged in the business of power generation from Videocon Industries.” 20-F for 2020
acquisitionMarch 2, 2012—
Sesa Goa and SIIL, creating Sesa Sterlite Limited
Word for word“On February 25, 2012, Vedanta Resources Limited (“Vedanta” or “VRL”), the parent company of Sterlite Industries (India) Limited (“Sterlite” or “SIIL”), Sesa Goa Limited (“Sesa Goa”), Vedanta Aluminium Limited (“Vedanta Aluminium”), Sterlite Energy Limited (“Sterlite Energy”), Cairn India Limited (“Vedanta Limited - oil and gas business”) and The Madras Aluminium Company Limited (“MALCO”) announced an all-share merger of majority owned subsidiaries, Sesa Goa and SIIL, to create Sesa Sterlite Limited (“Sesa Sterlite” or “SSL”) and a consolidation of various subsidiaries held by Vedanta to effect the consolidation and simplification of Vedanta’s corporate structure through two series of transactions (together the “Re-organization Transactions” consisting of the “Amalgamation and Re-organization Scheme” and the “Cairn India Consolidation”).” 20-F for 2021
merger——
38.7% shareholding in Cairn India Limited (now Vedanta Limited - oil and gas business) and associated debt, by way of acquisition of TEHL
Word for word“Pursuant to the share purchase agreement dated February 25, 2012 between BFL, a wholly owned subsidiary of Sesa Goa and VRHL, BFL acquired 38.7% shareholding in Cairn India Limited (now Vedanta Limited - oil and gas business) and an associated debt of $ 5,998 million by way of acquisition of TEHL, for a nominal cash consideration of $ 1 (“Cairn India Consolidation”).” 20-F for 2021
agreed acquisitionshare purchase agreement dated February 25, 2012nominal cash consideration of $ 1
Goa Energy Private Limited (power generation, from Videocon Industries)
Word for word“On March 2, 2012, Sesa Goa acquired 100.0% of the equity share capital of Goa Energy Private Limited engaged in the business of power generation from Videocon Industries.” 20-F for 2021
acquisitionMarch 2, 2012—
51.6% equity shares in ASI, a Japanese manufacturer of LCD glass substrate
Word for word“On December 28, 2017, the Company acquired 51.6% equity shares in ASI, a Japanese manufacturer of LCD glass substrate for a cash consideration of ₹ 1 million ($ 0.01 million) and acquired debts for ₹ 9,640 million ($ 139 million).” 20-F for 2021
acquisitionDecember 28, 2017cash consideration of ₹ 1 million ($ 0.01 million) and acquired debts for ₹ 9,640 million ($ 139 million)
Assets of Bhachau and Khambhalia coke manufacturing units of Gujarat NRE Coke Limited
Word for word“In March 2021, the Company was declared the successful bidder in the Liquidation process for Sale of Assets of Bhachau and Khambhalia coke manufacturing units of Gujarat NRE Coke Limited, which was under liquidation under Bankruptcy Code.” 20-F for 2021
agreed acquisition——
Electrosteel Steels Limited (ESL Steel Limited)
Word for word“Vedanta Limited completed the acquisition of Electrosteel Steels Limited along with its integrated steel plant on June 4, 2018.” 20-F for 2022
acquisitionJune 4, 2018—
assets of Sindhudurg unit of Global Coke Limited
Word for word“Furthermore, Vedanta Limited acquired the assets of Sindhudurg unit of Global Coke Limited on July 28, 2019, which provided backward integration opportunity for the Company’s existing pig iron division and increased the Company’s footprint in met coke market in southwestern part of India.” 20-F for 2022
acquisitionJuly 28, 2019—
ASI, a Japanese manufacturer of LCD glass substrate
Word for word“On December 28, 2017, the Company acquired 51.6% equity shares in ASI, a Japanese manufacturer of LCD glass substrate for a cash consideration of ₹ 1 million ($ 0.01 million) and acquired debts for ₹ 9,640 million ($ 139 million).” 20-F for 2022
acquisitionDecember 28, 2017₹ 1 million ($ 0.01 million)
Desai Cement Company Private Limited
Word for word“Vedanta Limited via its indirect wholly owned subsidiary Sesa Mining Corporation Limited (SMCL), acquired Desai Cement Company Private Limited (DCCPL), a cement manufacturing plant based out of Goa.” 20-F for 2022
acquisition——
assets of Nicomet Industries Limited
Word for word“Vedanta Limited acquired assets of Nicomet Industries Limited, a leading Nickel and Cobalt producer based in Goa, which was also in Liquidation under IBC.” 20-F for 2022
acquisition——
Cairn India Limited
Word for word“Thereafter, the board of directors of the Company made the Cairn India Merger operative on April 11, 2017.” 20-F for 2022
mergerApril 11, 2017—

Read from Vedanta’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2020) and the financial data it files with the SEC, as of 2022-08-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.