Vedanta Limited (NSEI:VEDL) promoter is in talks to sell a partial stake in the mining major to Rajiv Jain-led GQG Partners Inc. (ASX:GQG) in a deal worth $1 billion, ETNow news channel reported, quoting sources. The final talks for a potential stake sale have already taken place, and the transaction may take place in a few days in the form of a block deal, the news channel reported. As of December-end, promoter and group entities cumulatively held a 63.71% stake in Vedanta Ltd.
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450 INR | +2.09% | -2.34% | 20.02B | ||
2.62 AUD | +3.15% | +6.07% | 5.14B | ||
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+53.67% | 5.14B | |
+9.16% | 101B | |
+11.67% | 67.41B | |
+23.96% | 66.1B | |
+14.52% | 44.58B | |
+14.85% | 43.37B | |
+18.26% | 35.13B | |
+9.42% | 26.31B | |
-2.41% | 22.77B | |
+4.28% | 19.23B |
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