Promoter entity Twin Star Holdings has divested a 4.1 per cent stake in Vedanta for Rs 3,983 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Twin Star Holdings offloaded more than 15.40 crore shares, amounting to a 4.14 per cent stake of Vedanta. The shares were sold at an average price of Rs 258.55 apiece, taking the aggregate transaction value to Rs 3,983.10 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.
