Shares of Vedanta Ltd fell nearly 9 per cent on Thursday after reports stated that the group promoter Twin Star Holding is planning to sell a 4.3 per cent stake in the company to raise up to $501 million (Rs 4,136 crore) for debt repayment.
After the report, Vedanta’s shares tanked 8.9 per cent to touch an intraday low of Rs 247.80 on BSE. By 1 pm, the stock was trading at Rs 252.40, down 7.3 per cent from its previous close.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in