Sesa Goa, owned by miner Vedanta Resources said that it had bought an additional 1.5% stake in Cairn India at an average price of INR 325 a share through a stock market deal.

Sesa Goa said the firm and a unit bought the shares from Cairn UK Holdings through a block deal on the Bombay Stock Exchange.

After the deal, Sesa Goa holds 20% of Cairn India.

Vedanta is buying a majority stake in Cairn India from British oil firm Cairn Energy in a USD 6 billion deal.

(Sourced from BS)