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Vedanta bulk deal: The promoter group entity sold 65,518,600 Vedanta shares, or 1.7 per cent stake, on BSE, at an average price of Rs 265.14 apiece, worth Rs 1,737.16 crore.
S&P Global's 2023: Vedanta, an arm of Vedanta Resources Ltd, is one of the world's leading natural resources companies spanning across countries, including India, and South Africa. It has significant operations in sectors like oil and gas, zinc, lead, silver, copper and iron ore.
Agarwal, who is counted among India’s richest, had a humble beginning. His grit and mettle might have taken him places now, but the meek Patna boy who could only speak two words in English – “yes” and “no” -- had started out as a scrap dealer in the 1970s.
Vedanta demerger: For every share of Vedanta, shareholders will receive one share of each of the five newly listed companies, it said.
As of June 2023 end, promoter group i.e. Vedanta Resources held 68.11 percent in Vedanta Limited or 253 crore shares. This entire holding is pledged with lenders