The promoter group companies have a purchase offer size of up to 4.57 percent of total shares outstanding as of Sep-30, 2021
Vedanta | Vedanta Limited | Promoter stake
Promoters of Vedanta Limited, Twin Star Holdings Limited and Vedanta Netherlands Investments B.V. are looking to purchase upto 170 million equity shares of Vedanta Limited at an indicative price of Rs 350 per share, valued at Rs 5,950 crore.
The promoter group companies have a purchase offer size of up to 4.57 percent of total shares outstanding as of Sep-30, 2021. J.P. Morgan India Private Limited is acting as the broker to purchasers Twin Star Holdings Limited and Vedanta Netherlands Investments B.V.
The purchase offer type is an accelerated bookbuild purchase of equity shares. Shares of Vedanta closed at Rs 328.55 on the BSE on Monday.
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.
First Published: Mon, November 22 2021. 22:01 IST