The issue that opened for subscription on Tuesday, April 25, and closes on Thursday, April 27. The company has fixed the price band at ₹1,026 to ₹1,080 per equity share for the proposed initial public offer.
Vedanta has shelved the plan to sell its copper smelter in the southern Indian state of Tamil Nadu, which accounted for almost 40% of the metal’s production in the country, and has doubled down on its efforts to restart the plant, according to people familiar with the matter.