The floor price for the transaction, valued at $501 million or Rs 4,130 crore, is said to be at Rs 258.5 a share, implying a 5% discount to Wednesday s closing price of Rs 272.8 on NSE. Twin Star Holdings held a 46.4% stake in Vedanta, data showed.
Foxconn inks pact for Rs 1,600 crore mfg facility in Tamil Nadu newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
Young Liu, Chairman & CEO of Foxconn, said that the company will continue to work closely with Vedanta in many other industries, particularly in the growing fibre sector
With Vedanta and Foxconn parting ways, their plans to venture into semiconductor manufacturing have taken a massive hit. Who they partner with next remains to be seen