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Citi Bank offloads stake in Vedanta to Rs 1,204.48 crore

20 Jan 2022 Evaluate

Citi Bank has offloaded over 3.2 crore shares at an average price of Rs 314.65 apiece in Vedanta, through an open market transaction. This took the total deal value to Rs 1,204.48 crore.

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.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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