Societe Generale has offloaded 2.24 crore shares of Vedanta through an open market transaction. According to bulk deal data at National Stock Exchange (NSE), Societe Generale sold total 2,2,450,200 shares, amounting to 0.6 per cent stake of the company. The shares were divested at Rs 391.74 apiece, valuing the transaction at Rs 879.64 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.
