The final talks for the potential stake sale have reportedly already taken place. The transaction too might take place in a few days in the form of a block deal.
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
Vedanta share price today: The stock of the mining and metal major gained 2.5% intraday today to Rs 243.85 against the previous close of Rs 237.90 on BSE.
Vedanta promoter Twin Star Holding is planning to sell a 4.3 per cent stake in Vedanta Ltd to raise up to $501 million (Rs 4,136 crore) for debt repayment.