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Vedanta Promoters Pledge Their Entire Stake To Raise Funds

Vedanta promoters pledged their entire stake to raise funds to to buy shares in the Indian unit and service debt.

BQ Desk
Bound aluminium ingots sit in the cast house unit of the Vedanta Ltd. smelter in Odisha. (Photographer: Dhiraj Singh/Bloomberg)

Promoter entities of Vedanta Ltd. have pledged their entire stake in the mining firm to raise funds for the open offer for shares in the Indian unit and to service debt.

Also Read: Vedanta Raises Open Offer Price For Indian Unit To Rs 235 A Share

Shares of Vedanta Ltd. closed 0.06% higher on the Bombay Stock Exchange, in contrast with the BSE Sensex’s 0.06% fall.

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Blackbuck Bulk Deal: Goldman Sachs Sells 2.7% Stake For Rs 295 Crore

  • chevron-double-right GSAM Holdings LLC sold a 2.7% stake in Zinka Logistics Solutions for Rs 295 crore
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  • chevron-double-right Nomura India Investment Fund bought 41.16 lakh shares for Rs 247 crore
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