Multiple choice

Arcelor Mittal, Aditya Birla group and Vedanta Resources bid for 51% stake in which of the following steel industry?

  1. Sesa Goa Ltd.

  2. Vizag Steel

  3. Jindal Stainless

  4. Adhunik Group
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sesa Goa Ltd. (now part of Vedanta Resources) was the subject of a major bidding war in 2006-2007. Arcelor Mittal, Aditya Birla Group, and Vedanta Resources all bid for a 51% stake in the iron ore mining company. This was one of the most high-profile takeover battles in Indian corporate history, ultimately won by Vedanta Resources.

Keep practicing — related questions