Vedanta Resources Limited's stake in Vedanta Ltd increases to 65.2% post open offer

Vedanta Resources Limited has announced that 374,231,161 equity shares of Vedanta Limited have been validly tendered in the voluntary open offer. The acquisition of such equity shares will be completed, and consideration for such acquisition will be paid on or about 16th April 2021 in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Post this acquisition, Company's shareholding in Vedanta Limited will increase from current 55.1% to 65.2%.

Shares of Vedanta Limited was last trading in BSE at Rs.217.75 as compared to the previous close of Rs. 212.9. The total number of shares traded during the day was 326623 in over 2340 trades.

The stock hit an intraday high of Rs. 219.55 and intraday low of 212.25. The net turnover during the day was Rs. 70488223.

Source : Equity Bulls

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