Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

Vedanta promoter Twinstar will likely sell 16 crore shares via block deals
Twinstar, one of the promoter entity of Anil Agarwal-led Vedanta Ltd. will be selling 16 crore shares of the company via block deals.
The floor price for the transaction, valued at $500 million or Rs 4,130 crore, is said to be at Rs 258.5, which is a 5 percent discount to Wednesday's closing price.
The block agreement between Vedanta and Vedanta Resources occurs barely one week before the company's due date for paying back debt.
As of the June quarter, Vedanta Resources held a 68.11 percent stake in Vedanta Ltd., most of which is pledged.
Vedanta had earlier declared a dividend of Rs 18.5 in May this year, just a week ahead of a $500 million bond repayment deadline of its parent company.
Source: Media Reports
Related News

L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr
4 mins read. August 2, 2024 at 12:33 PM
Download app
Access BlinkX
everywhere
across device
