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Anil Agarwal pledges stake to sweeten deal for Vedanta Ltd


Anil Agarwal pledges stake to sweeten deal for Vedanta Ltd
If Vedanta were to accept bids for the entire 651 million shares, the consideration for the deal would be about Rs153 billion versus Rs59.48 billion expected in the January offer.
1 min read
. Updated: 17 Mar 2021, 11:22 AM IST Bloomberg
London-based Vedanta Resources Ltd. will now seek to buy 17.51% of Mumbai-listed Vedanta Ltd. at Rs235 a share
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Anil Agarwal, billionaire founder of the Vedanta Group, has pledged his stake in a cash-rich Indian unit to help sweeten terms for a takeover attempt that’s key to his debt-repayment plans. ....

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This large-cap stock gave 245% returns in 11 months


This large-cap stock gave 245% returns in 11 months
Vedanta shares have delivered an impressive return of 245 per cent over the last eleven months, from its 52-week low of Rs 60.3 as on March 30, 2020
Chitranjan Kumar | February 22, 2021 | Updated 19:38 IST
Vedanta shares hit 52-week of Rs 208.15 on BSE
Vedanta share price surged 9 per cent to hit record high of Rs 208.15 on Monday amid report that promoter group is mulling another stake buy in the company. Vedanta shares have delivered an impressive return of 245 per cent over the last eleven months, from its 52-week low of Rs 60.3 as on March 30, 2020. The stock has jumped 12 per cent in the last five days and 26 per cent over one month period. In the calendar year 2021, Vedanta has outperformed the market by rallying 27 per cent, as against a 3.9 per cent gain in the BSE benchmark Sensex. The market capitalisation of Vedanta stands above Rs 75,000 crore. ....

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SBI Mutual Fund: SBI MF dumps Bandhan Bank and metal biggies, bets on debutants


Synopsis
Analysts at the fund house believe the market has run up quite a bit and any more uptick will require a solid financial performance from India Inc.
Most of these stocks saw a surge in the past months.
NEW DELHI: SBI Mutual Fund, India s largest mutual fund house, booked profits in Bandhan Bank and some of other banking names besides in some metal biggies even as it betted heavily in IPOs in December.
December buy-sell data for the fund house showed it sold 1.65 crore shares of Bandhan Bank and dumped 20-85 lakh shares of Vedanta, Tata Steel, Cholamandalam Investment & Finance, DLF, BPCL, Kotak Mahindra Bank and Bank of Baroda. ....

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