Mumbai: Sterlite Industries, part of the London-based Vedanta Resources group, has raised over $2 billion through the listing of its American Depository Shares (ADS) on the New York Stock Exchange. The ADS is the biggest-ever overseas selling of shares by an Indian company.

The ADS, listed on the US bourse on Tuesday under ''SLT'' symbol, and was priced at $13.44 or Rs547.80 per share. The minimum price for the ADS, before the listing, was pegged at $13 per share.

Post the NYSE-listing, Sterlite Industries is now valued at $9.2 billion.

The underwriters for the Sterlite ADS issue were Merrill Lynch, Pierce, Fenner & Smith, Morgan Stanley and Citigroup Global Markets.

Post-issue, promoters'' holding will come down to close to 60%, from the current 79%.

The funds raised will finance the LSE-listed Vedanta group''s foray into energy sector, including the $1.9-billion greenfield power project in Orissa with a capacity of 2,400 MW and expansion of its aluminium and zinc facilities in the country.

The power project will be implemented by subsidiary, Sterlite Energy.

The ADS included a Japanese public offering, where 11.5 million shares will be allocated to the country''s investors. Nomura Singapore was the underwriter for the Japanese offer, which though didn''t include listing of the shares.