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Vedanta gains on raising $1.4 billion for repaying debt

30 Dec 2020 Evaluate

Vedanta is currently trading at Rs. 161.40, up by 1.25 points or 0.78% from its previous closing of Rs. 160.15 on the BSE.

The scrip opened at Rs. 157.00 and has touched a high and low of Rs. 161.90 and Rs. 156.10 respectively. So far 1765763 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.50 on 24-Dec-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. 170.50 and Rs. 154.90 respectively. The current market cap of the company is Rs. 59623.80 crore.

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

Vedanta’s Promoters have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for maturity. The company’s promoters raised $1 billion debt by issuing equivalent notes to Citicorp International. Separately, a unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group. The notes in both cases will be partly secured by shares in Mumbai-listed unit 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

787.60 4.85 (0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
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