New Delhi, April 22 (IANS): Mining conglomerate Sesa Sterlite said on Wednesday that it has changed its name to Vedanta Ltd. to better align with identity of its international parent entity Vedanta Resources.
"Sesa Sterlite Ltd. hereby announces that it has changed the name of the company from its present name Sesa Sterlite Limited to Vedanta Ltd.," the company said in a statement here.
It said shareholders have approved the name change and it is effective post issue of the Fresh Certificate of Incorporation by the Registrar of Companies, Goa, and the ministry of corporate affairs.
Sesa Sterlite is a subsidiary of the London Stock Exchange-listed Vedanta Resources, which holds 59.53 percent stake in the Indian firm.
However, the change in name will have no impact on the operations of Vedanta's other subsidiaries - Cairn India, Hindustan Zinc and BALCO, the statement added.
"The name change from Sesa Sterlite to Vedanta Ltd. promises a united and aligned identity, Vedanta, which positions us to create greater value for our domestic and global stakeholders, as a diversified natural resources group of companies," Vedanta Group chief executive Tom Albanese said.