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Sterlite Technologies Limited (formerly Sterlite Tech) [7] is an Indian optical and digital technology company, headquartered in Pune. It is listed on Bombay Stock Exchange and National Stock Exchange of India .
In 2001, Sterlite industries, BPL and Videocon were found guilty by the Securities Exchange Board of India of having colluded with the broker Harshad Mehta and 17 brokers (10 from BSE and 7 from NSE) in a bid to corner shares and rig shares prices. This resulted in a ban on Sterlite from accessing capital markets for 2 years. [59]
This improved Sterlite's product mix from aluminum to aluminum foil with the largest market share of 65%. [2] In 1999, the company acquired Copper Mines of Tasmania. [3] In February 2011, Sterlite Industries acquired Lisheen Zinc Mine in Ireland from Taurus International S.A., for a share value of approximately $546 million. [4]
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Vedanta Resources Limited is a diversified mining company headquartered in London, United Kingdom.It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia [4] and oil and gas operations in three countries.
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Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium.It is a subsidiary of Vedanta Limited. [4] Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003.