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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5-day change | 1st Jan Change | ||
2.44 AUD | +0.41% | -1.61% | +43.11% |
Stocks mentioned in the article
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Capi.
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410.7 INR | +4.07% | -1.19% | 18.26B | ||
2.44 AUD | +0.41% | -1.61% | 4.76B | ||
EPS Revisions
1st Jan change | Capi. | |
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+43.11% | 4.76B | |
-1.86% | 118B | |
+3.26% | 95.3B | |
+13.75% | 69.05B | |
+20.25% | 63.76B | |
+12.28% | 43.7B | |
+14.14% | 43.06B | |
+17.76% | 34.41B | |
+3.63% | 24.92B | |
-1.14% | 23.07B |
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- Vedanta Promoter Reportedly in Talks with GQG Partners to Sell $1 Billion Worth Stake