Promoters of Vedanta make an open offer for up to 37.2 cr shares at ₹160/share
New Delhi: Vedanta Ltd’s promoters on Saturday announced an open offer for up to 37.2 cr shares of the company at ₹160 per share, which amounts to 12% discount to current market price.
The current open offer represents 10% equity stake in the company.
On Friday, the company’s stock on NSE closed 3.5% lower at ₹178.85.
The company’s attempt for delisting failed in October 2020.
