Nifty, Sensex continues to inch up – Thursday closing report
Moneylife Digital Team
0
We had mentioned in Wednesday’s closing report that Nifty, Sensex were headed higher. On Thursday, the major indices opened low but ended with minor gains. On the NSE, there were 910 advances, 1,015 declines and 88 unchanged.
The trends of the major indices in the course of Thursday’s trading are given in the table below:
The government has decided to sell up to 10% stake in Steel Authority of India for retail and non-retail investors.
Den Networks reported 238% YoY rise in net profits for Q3FY21 at Rs 65.56 crore compared to Rs 19.35 crore in Q3FY20. Revenues grew 11% to Rs 399 crore vs Rs 359 crore in the previous year.
Shares of Vedanta dipped 3 per cent to Rs 175 on the BSE on Monday after the company’s promoter group launched open offer to buy 10 per cent stake in the company at price of Rs 160 per share.
Vedanta promoters announced an open offer for acquisition of up to 371.75 million equity shares, representing 10 per cent of fully diluted voting share capital of Vedanta, from the public shareholders by Vedanta Resources together with Twin Star Holdings, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II (the promoter group & person acting in concern). Vedanta Resourses would come out with a detailed public statement and letter of offer within 15th January, 2021 containing details of offer.
Vedanta Slips Over 3% On Open Offer Announcement Vedanta Slips Over 3% On Open Offer Announcement Vedanta Resources, together with Twin Star Holdings, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II, will acquire up to 371.75 million equity shares of Vedanta
Updated: January 11, 2021 11:31 am IST
The offer price at Rs 160 per share is at a discount of 12 per cent to Friday s closing price
Vedanta shares dipped more than 3 per cent in an otherwise strong market on Monday after the promoter group announced an open offer to buy 10 per cent stake in the company at a price of Rs 160 per share. The shares of Vedanta touched an intra-day low of Rs 175.35, down 3.6 per cent, on the BSE on the back of the open offer announcement and at 11:15 am, the shares were trading at Rs 177.25, down 2.6 per cent.
This website uses information gathering tools such as cookies and other similar technologies. By clicking Accept on this banner or by using this website, you consent to the use of cookies unless you have disabled them. If you do not consent, do not use this website. It is at your, the user s, discretion to proceed with accessing this website. For more information, read the Cookie Policy under Online Privacy Policy.
This website uses cookies.. This website uses information gathering tools such as cookies and other similar technologies. By clicking Accept on this banner or by using this website, you consent to the use of cookies unless you have disabled them. If you do not consent, do not use this website. It is at your, the user s, discretion to proceed with accessing this website. For more information, read the Cookie Policy under Online Privacy Policy.
Vedanta promoters float open offer for 10% stake at Rs 160 per share
Vedanta promoters are offering Rs 160 per share under the open offer, which is at a 12 per cent discount as compared to the current market price of Rs 178.85
BusinessToday.In | January 9, 2021 | Updated 22:45 IST
The promoters of Vedanta Limited have announced a voluntary open offer to acquire around 37.2 lakh equity shares of the company from public shareholders. This represents 10 per cent of entire equity stake of the company.
The promoter group that has floated the open offer includes Vedanta Resources Limited together with Twin Star Holdings Limited, Vedanta Holdings Mauritius Limited and Vedanta Holdings Mauritius II Limited.