Vedanta Raises Open Offer Price For Indian Unit To Rs 235 A Share
Mar 17 2021, 11:55 AM
March 16 2021, 10:02 PM
March 17 2021, 11:55 AM
Anil Agarwal-led Vedanta Resources has raised the open offer price for buying shares in its flagship Indian firm to Rs 235 per share, nearly 4% higher than the current trading price and substantially higher than the previous offer price.
Anil Agarwal-led Vedanta Resources has raised the open offer price for buying shares in its flagship Indian firm to Rs 235 per share, nearly 4% higher than the current trading price and substantially higher than the previous offer price.
In January, Vedanta Resources had offered to buy up to 10% in Vedanta Ltd. at Rs 160 apiece.
Vedanta Promoters Pledge Their Entire Stake To Raise Funds
Mar 16 2021, 11:40 PM
March 16 2021, 11:40 PM
March 16 2021, 11:40 PM
Promoter entities of Vedanta Ltd. have pledged their entire stake in the mining firm to raise funds for the open offer for shares in the Indian unit and to service debt.The parent firm Vedanta Resources, led by billionaire Anil Agarwal, notified the exchanges on March 16 of the creation of encumbrance over the shares in Vedanta Ltd. held by five of its subsidiaries.The subsidiaries for which encumbrance has been created are:Finsider .
Promoter entities of Vedanta Ltd. have pledged their entire stake in the mining firm to raise funds for the open offer for shares in the Indian unit and to service debt.