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Vedanta Resources funding options will improve on raising debt cap at subsidiary: S&P
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Vedanta s funding ops to improve on raising debt cap at subsidiary: S&P
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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.
Will Vedanta s open offer be a precursor to delisting?
The new open offer plan of Vedanta promoters at Rs 160 a share to buy 10 per cent stake from the public is seen as a renewed attempt towards delisting of Vedanta Ltd. The offer price is lower than the current market price of Rs 175
Nevin John | January 15, 2021 | Updated 21:53 IST
The market capitalisation of Vedanta stands above Rs 65,000 crore. The public holds about 49.5 per cent stake in Vedanta
Anil Agarwal became successful in delisting of his various companies and restructuring of Vedanta Group after multiple attempts and with initial rebukes from investors. His delisting plan for Vedanta Ltd had faced similar drubbing from investors, mainly from LIC of India, which had 6.37 per cent stake in the company.
Promoters To Acquire 10% Stake In Vedanta: Should Investors Tender Shares In Open Offer?
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