Vedanta bulk deal: The promoter group entity sold 65,518,600 Vedanta shares, or 1.7 per cent stake, on BSE, at an average price of Rs 265.14 apiece, worth Rs 1,737.16 crore.
The promoter entity sold 6,55,18,600 shares of the mining major at Rs 265.14 a share, bulk deals data showed. On Thursday, shares of Vedanta ended 4% down on the BSE at Rs 268. The sale happened at a discount of more than 5% to the previous close.
According to the bulk deals data available with the exchanges, Twin Star has offloaded 15.4 crore shares in the company. The transaction was done at a weighted average price of Rs 258, which is at 5% discount to Wednesday s closing price