Vedanta open offer unattractive, can drag stock lower: Analysts SECTIONS Share Synopsis Edelweiss said that the promoter group is making attempts to increase its stake in the company at an unattractive price. Agencies INSIGHTS NSE Explore Now NEW DELHI: Vedanta shares ended 1.6 per cent lower on Monday after the parent, Vedanta Resources, announced an open offer to buy up to 10 per cent of the equity, or 37.2 crore shares, of the company at Rs 160 per share, a 12 per cent discount to Friday’s closing price of Rs 182.05. Analysts said the latest open offer price is unattractive and the stock could come under pressure going ahead.