OREANDA-NEWS. April 7, 2011. Sesa Goa ("Sesa Goa") announces that it has posted the Letter of Offer to acquire up to 383,985,368 shares of Cairn India Ltd representing 20.01% of Cairn India's fully diluted voting share capital at a price of Rs 355 per share. The Open Offer will open on Monday, April 11, 2011 and close on Saturday, April 30, 2011.

Sesa is India's largest producer and exporter of iron ore in the private sector. The company is a majority owned and controlled subsidiary of Vedanta Resources plc, the London listed FTSE 100 diversified metals and mining major. For over five decades, Sesa has been involved in iron ore mining, beneficiation and exports. Over the last two decades, it has diversified into the manufacture of pig iron and metallurgical coke. Sesa has mining operations in Goa and Karnataka while it also operates a 280,000 TPY metallurgical coke plant and a 250,000 TPY pig iron plant in Goa. The Company acquired the shares of Sesa Resources Limited (erstwhile VSD), which in turn holds 100% equity shares of Sesa Mining Corp. Pvt. Ltd (erstwhile DMC) during FY '10.