Sesa Sterlite to be renamed as Vedanta Ltd

MUMBAI: Natural resources major Sesa Sterlite sought shareholder approval to change its name to Vedanta Ltd, according to a filing on Bombay Stock Exchange.

Sesa Sterlite is a subsidiary of London-listed Vedanta Resources. "In order to have a better alignment with the brand "Vedanta" as part of the Vedanta Group, the name of the company is now proposed to be changed from 'Sesa Sterlite Limited' to 'Vedanta Limited'," the company said in a letter to shareholders seeking their nod through postal ballot.

The name change strategy comes a year after Vedanta Resources merged its Indian subsidiaries Sesa Goa, Sterlite Industries, Madras Aluminium Co, Sterlite Energy and Vedanta Aluminium into one entity during last financial year into a new company called Sesa Sterlite. Vedanta also transferred ownership of Cairn India to the merged entity.

The mining conglomerate is one of the largest in the world. It is involved in exploring, extracting and processing minerals and oil & gas. It produces and processes oil and gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has business across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.