Vedanta inches up on launching initiative to rope in startups for exploring growth opportunities

30 Oct 2020 Evaluate

Vedanta is currently trading at Rs. 96.00, up by 0.50 points or 0.52% from its previous closing of Rs. 95.50 on the BSE.

The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 96.40 and Rs. 95.60 respectively.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 166.05 on 14-Jan-2020 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. 106.90 and Rs. 93.65 respectively. The current market cap of the company is Rs. 35499.20 crore.

The promoters holding in the company stood at 50.14%, while Institutions and Non-Institutions held 33.82% and 11.83% respectively.

Vedanta has launched an initiative wherein the company will partner with digital tech startups in order to tap into massive innovation and growth opportunities. The initiative 'Vedanta Spark' will tie up with early-stage, growth-stage and venture-stage digital tech startups. Through Vedanta Spark, the company seeks young and innovative startups and specialists to come forward and join hands with Vedanta, thus unlocking value and growth potential at an accelerated pace.

The initiative is looking at startups from across the globe as part of the programme, working in areas such as asset optimisation and predictive maintenance, exploration, mining and blasting. The initiative will offer various advantages for the startups - partnerships and collaborations, leverage massive capacity and resources of Vedanta group, tech and business expertise and most importantly strategic investments opportunities for the startups that offer significant value to 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

460.45 10.00 (2.22%)
07-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Hindalco 680.25
Vedanta 460.45
Hindustan Zinc 687.95
Gravita India 1125.00
Ram Ratna Wires 366.25
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