Mitsui looking to sell Sesa Goa stake

With reference to the news item appearing in media reports about the sale of 51% stake in the Company by Mitsui & Co., Sesa Goa Ltd has clarified that the Board of Directors sought clarification from the Principal Shareholder and the clarification provided by Mitsui & Co. is as follow:

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"As you may be aware, Mitsui & Co. Ltd undertakes, from time to time, a review of the various assets that comprise its portfolio. As part of such portfolio review, Mitsui's effective interest in Sesa Goa Ltd has come up for review and discussion, Mitsui is assessing various strategic alternatives for its investment in Sesa Goa, including a possible sale of its stake to a strategic investor. In light of the above, Mitsui asks the Board to approve the provision of such cooperation as may be necessary by Sesa Goa's management in this regard."
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Source : Equity Bulls

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