The promoters of Vedanta Ltd announced an open offer to collect 37.2 crore equity shares, representing 10% fairness stake within the company, at Rs. 160 consistent with proportion.
The offer is made at a 12% bargain to the modern marketplace fee of Rs. 178.Eighty five.
The promoter institution obtaining the shares consist of Vedanta Resources Ltd together with Twin Star Holdings Ltd, Vedanta Holdings Mauritius Ltd and Vedanta Holdings Mauritius II Ltd.
These promoters maintain forty two.09% stake inside the business enterprise and after the proposed provide, their stake will boom to 52.09%.
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