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Vedanta gains on tying up with SBI for long-term syndicated loan facility of Rs 10,000 crore

01 Sep 2020 Evaluate

Vedanta is currently trading at Rs. 130.05, up by 1.50 points or 1.17% from its previous closing of Rs. 128.55 on the BSE.

The scrip opened at Rs. 129.35 and has touched a high and low of Rs. 131.85 and Rs. 127.95 respectively. So far 157313 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 166.95 on 26-Sep-2019 and a 52 week low of Rs. 60.30 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 134.65 and Rs. 126.10 respectively. The current market cap of the company is Rs. 48323.53 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 34.06% and 11.43% respectively.

Vedanta has tied up with State Bank of India (SBI) for a long-term syndicated loan facility worth Rs 10,000 crore. A syndicated loan is offered by a group of lenders who work together to provide credit to a large borrower. The facility end use stipulates refinancing of near-term debt maturities of Vedanta and for capital expenditure of the metals and mining giant. This extends maturity profile, improves liquidity ratio and reinforces the commitment of lenders in the growth story of Vedanta.

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

Vedanta Share Price

767.05 -3.60 (-0.47%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1021.70
Vedanta 767.05
Hindustan Zinc 588.45
Jain Resource Recycl 419.55
Gravita India 1644.50
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