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Vedanta ups open offer price to Rs 235 per share


Vedanta ups open offer price to Rs 235 per share
Vedanta ups open offer price to Rs 235 per share
Vedanta Resources has launched an open offer for the shareholders of Vedanta Limited at a price of Rs 235 per share, 4 per cent higher than the current price. The total consideration for the offer is Rs 15,300 crore.
There is an Increase in offer size to 651 million equity shares representing 17.51 per cent voting share capital of Vedanta Limited and an increase in offer price to Rs 235 per share. The tendering period is from March 23 to April 7.
Earlier in January, Vedanta Resources had offered to buy up to 10 per cent in Vedanta Ltd at Rs 160 a share, which was lower than the market price. The shareholding of Vedanta Resources will increase from the current 55.1 per cent to 72.6 per cent post the transaction. ....

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