<p> Vedanta Aluminium (VAL), a subsidiary of London-listed Vedanta Resources, has acquired 24.5 per cent stake in Larsen and Toubro-promoted Raykal Aluminium, that holds certain bauxite mining licences in Odisha, for Rs 200.70 crore.<br /><br /></p>.<p>In phases, VAL will fully acquire Raykal Aluminium for Rs 1,811 crore, although it is subject to certain milestones being achieved, a filing made to US Securities and Exchange Commission (SEC) on May 31 by its sister firm Sterlite Industries showed.<br /><br />As per the filing, the deal was signed on February 23, 2012, two days before a group restructuring exercise was announced by its parent Vedanta Resources.</p>
<p> Vedanta Aluminium (VAL), a subsidiary of London-listed Vedanta Resources, has acquired 24.5 per cent stake in Larsen and Toubro-promoted Raykal Aluminium, that holds certain bauxite mining licences in Odisha, for Rs 200.70 crore.<br /><br /></p>.<p>In phases, VAL will fully acquire Raykal Aluminium for Rs 1,811 crore, although it is subject to certain milestones being achieved, a filing made to US Securities and Exchange Commission (SEC) on May 31 by its sister firm Sterlite Industries showed.<br /><br />As per the filing, the deal was signed on February 23, 2012, two days before a group restructuring exercise was announced by its parent Vedanta Resources.</p>