The trust sold 68,36,948 shares at Rs 584 apiece, block deals data showed. Shares of the state-owned oil refiner ended 7.3% higher on the National Stock Exchange at Rs 626.95. Kotak Mahindra Mutual Fund purchased 22,50,000 shares at Rs 584 each, and Motilal Oswal MF acquired 13,00,000 shares at the same price.
The final talks for a potential stake sale have already taken place, and the transaction may take place in a few days in the form of a block deal, the news channel reported. As of December-end, promoter and group entities cumulatively held a 63.71% stake in Vedanta Ltd. On Wednesday, shares of Vedanta ended nearly 5% higher on the National Stock Exchange at Rs 282.55
Mankind Pharma Q3: Domestic revenue grew 20% YoY to Rs 2,400 crore, while exports more than doubled to Rs 207 crore. The strong domestic revenue was led by robust growth in the chronic portfolio, recovery in anti-infectives and strong growth in modern trade and hospital sales.
Dabur India Q3 Results: Consolidated revenue for the quarter increased 7% YoY to Rs 3,255 crore, which was also on expected lines. In constant currency (CC) terms, consolidated revenue grew by 10%, and the international business saw a nearly 12% growth. Sequentially, the consolidated topline rose just 1.6%, while the bottomline declined 0.2%.
Earnings before interest, taxes, depreciation and amortization or EBITDA surged nearly 17% YoY to Rs 247 crore, and operating margins improved 120 basis points to 15.9%.