Sterlite Industries rose 0.51% to Rs 97.75 and Sesa Goa rose 0.66% to Rs 183.60.

On Wednesday, 20 June 2012, Sterlite Industries (up 3.07% to Rs 97.25) and Sesa Goa (up 3.05% to Rs 182.40), edged higher.

Sterlite Industries had outperformed the market over the past one month until 20 June 2012, falling 3.67% compared with the Sensex's 4.61% rise. The scrip had, however, underperformed the market in past one quarter, falling 14.92% as against 2.42% fall in the Sensex.

Sesa Goa had underperformed the market over the past one month until 20 June 2012, faliling 5.54% compared with the Sensex's 4.61% rise. The scrip had also underperformed the market in past one quarter, sliding 8.34% as against 2.42% fall in the Sensex.

Sesa Goa's shareholders on 19 June 2012, cast their vote on the proposal to merge their firm with Vedanta Resources flagship Sterlite Industries and its various subsidiaries. Results of the vote on the merger is being closely watched as it will create the world's seventh largest diversified metals and mining conglomerate. The result will be known on 25 June 2012. At least 75% of shareholders need to approve the merger for it to become effective.

Post the merger, Vedanta will hold 58.3% stake in the combined entity, Sesa Sterlite. As per the scheme, Sterlite shareholders will get three shares of Sesa Goa for every five shares held. Cairn India, Hindustan Zinc, Balco, Vedanta Aluminum, Madras Aluminum, Talwandi Sabo Power and Australian Copper Mines will become subsidiaries of Sesa Sterlite after the restructuring.