Diversified natural resources firm Vedanta Resources has said it contributed USD 4.66 billion (Rs 34,018 crore) to the public exchequer in India during the 2019-20 fiscal. Its overall contributions to public exchequers of various countries stood at USD 4.7 billion (Rs 34,310 crore) during the fiscal year, Vedanta Resources said in its latest report. Consistent with our commitment to building on transparency, we present our fifth tax transparency report. During FY2019-20, our contribution to exchequer was USD 4.7 billion, which accounts for 40 per cent of our consolidated turnover, Vedanta Resources Chairman Anil Agarwal said. Most of this amount goes to the Indian exchequer as majority of the groups business operations are located in India.
Ion Exchange (India) fell 1.44% to Rs 1,383 after Rakesh Jhunjhunwala and his firm Rare Investments on Tuesday sold an aggregate 5.38 lakh shares, or 3.6% stake, in the company via bulk deals on the BSE.According to bulk deal data on BSE, market veteran Rakesh Jhunjhunwala sold 1.50 lakh equity shares (1.03% equity) of the company at Rs 1,205.19 per share yesterday, 2 March 2021.
Rare Enterprise, owned by Rakesh Jhunjhunwala and his wife, Rekha Jhunjhunwala, sold 3.87 lakh equity shares (2.64% equity) of Ion Exchange (India) at Rs 1,205.42 per share.
Meanwhile, Plutus Wealth Management bought 4.75 lakh equity shares (3.24% equity) of Ion Exchange (India) at Rs 1,220.75 per share.
As on 31 December 2020, Rakesh Jhunjhunwala held 5.28% in the Ion Exchange (India).