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Vedanta spurts as its holding company raises $1 billion through bonds

12 Apr 2019 Evaluate

Vedanta is currently trading at Rs. 183.25, up by 1.95 points or 1.08% from its previous closing of Rs. 181.30 on the BSE.

The scrip opened at Rs. 181.60 and has touched a high and low of Rs. 183.55 and Rs. 179.75 respectively. So far 469140 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 313.50 on 19-Apr-2018 and a 52 week low of Rs. 145.90 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 195.00 and Rs. 179.60 respectively. The current market cap of the company is Rs. 68099.00 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 34.75% and 11.12% respectively.

Vedanta’s holding company -- Vedanta Resources through its wholly-owned subsidiary-- Vedanta Resources Finance II plc has raised $1 billion through bonds sold in two tranches resulting in blended average cost of 8.75 per cent and average maturity is 5.8 years.

The company intends to use the net proceeds primarily to repay debt. The bonds, which were sold in two tranches, attracted interest from global investors across Europe, North America and Asia.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Vedanta Share Price

757.25 -9.80 (-1.28%)
22-Apr-2026 12:58 View Price Chart
Peers
Company Name CMP
Hindalco 1037.00
Vedanta 757.25
Hindustan Zinc 595.35
Jain Resource Recycl 417.80
Gravita India 1637.95
View more..

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