OREANDA-NEWS. May 04, 2011. The Open Offer by Sesa Goa Limited ("Sesa Goa" or the "Company") closed on April 30, 2011. A total of ~155 million shares representing approximately 8.1% of the share capital of Cairn India Ltd have been tendered. The total consideration to be paid for the tendered shares is crore 55,037 million (approx. USD  1,241 million) at the offer price of crore 355 per share. The Company is in the process of communicating the rejections/acceptance and making necessary payments of consideration for accepted tenders. In line with the schedule indicated in the letter of offer this would be done latest by May 15, 2011.

This is in addition to the earlier announced acquisition of 200 million shares amounting to 10.4% stake in Cairn India from Petronas International Corporation Ltd ("Petronas").