Vedanta promoters buy 138.6 mn shares in Vedanta Ltd at Rs 349.7 per share

The promoters had put an offer for 170 million shares

Topics
Vedanta  | shares

Aditi Divekar  |  Mumbai 

Promoters of Anil Agarwal-led Limited, Twin Star Holdings Limited and Netherlands Investments BV, today bought 138.6 million of the company at Rs 349.7 a share, according to bulk deals data of exchanges.

With this, the promoters have bought 3.7 per cent stake in the company totally, with Twin Star Holdings having bought 2.36 per cent, and Netherlands, 1.35 per cent.

The promoters had put an offer for 170 million (4.57 per cent stake).

They were looking to raise their take in Vedanta Ltd. JP Morgan India Private Limited has been the broker to purchasers, Twin Star Holdings Limited and Vedanta Netherlands Investments BV.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read our full coverage on Vedanta
First Published: Tue, November 23 2021. 21:01 IST
RECOMMENDED FOR YOU