Vedanta Limited Shares Fall for Fourth Day, Hits 52-Week Low

Shares of Vedanta Limited fell over 3 per cent on Wednesday, extending their losses to the fourth day. The shares hit a new 52-week low Rs 173.10. A Press Trust of India report said that state insurer LIC has expressed concern over the Cairn merger deal. LIC is the second biggest shareholder in Cairn India after UK's Cairn Energy. LIC owns 9.06 per cent stake in Cairn India. Anil Agarwal-promoted Vedanta Ltd on Sunday said it would ...