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Vedanta dips 3% after promoters announce open offer at Rs 160 per share

Shares of Vedanta dipped 3 per cent to Rs 175 on the BSE on Monday after the company’s promoter group launched open offer to buy 10 per cent stake in the company at price of Rs 160 per share. Vedanta promoters announced an open offer for acquisition of up to 371.75 million equity shares, representing 10 per cent of fully diluted voting share capital of Vedanta, from the public shareholders by Vedanta Resources together with Twin Star Holdings, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II (the promoter group & person acting in concern). Vedanta Resourses would come out with a detailed public statement and letter of offer within 15th January, 2021 containing details of offer.

Vedanta Resources launches open offer to acquire 10 pc stake in Indian unit

Stocks in news:ये हैं आज के चर्चित शेयर, इन पर बनी रहे नजर Stocks in news:VEDANTA Promoters Announce Open Offer, 160 Per Share Open Offer Pric

Stocks in news:ये हैं आज के चर्चित शेयर, इन पर बनी रहे नजर Stocks in news:VEDANTA Promoters Announce Open Offer, 160 Per Share Open Offer Pric
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