Iron ore miner Sesa Goa today surged by over 6 per cent on Bombay Stock Exchange after its UK-based parent company Vedanta Resources said it has received capital market regulator Sebi's nod for buying 51 per cent stake in Cairn India. The development lifted Sesa Goa shares by 6.36 per cent to Rs 313.65 a piece on BSE. During intra-day session,the stock spurted by 7.39 per cent to a month's high of Rs 316.70 a share. Buying was also seen at the company's counter on National Stock Exchange,where the scrip closed 6.87 per cent higher at Rs 314.35 a piece. In terms of volume,over 91 lakh shares of the company were traded on the two bourses. However,Cairn India closed 0.76 per cent down at Rs 364.60 on BSE. According to Vedanta,the open offer will be launched soon. The deal,which has been hanging since November,2010,is likely to be considered for final approval by the Union Cabinet at its meeting in the capital tomorrow. Meanwhile,the BSE 30-share index Sensex today closed 14.91 points down at 19,686.82 level.
