Vedanta Resources, led by billionaire Anil Agarwal, is reportedly preparing to sell a 2.5% stake in Vedanta Ltd through block deals in the coming weeks. The sale, aiming to raise approximately Rs 4,000 crore, is part of Vedanta Resources’ ongoing efforts to reduce debt. Despite initial reports, a Vedanta spokesperson denied any current plans for a stake sale. Previously in February, Vedanta promoters conducted a block deal worth over Rs 2,615 crore, reducing their shareholding from nearly 70% to just over 60% by the end of FY 2024.
Vedanta Resources Plans Stake Sale in Vedanta Ltd Amid Debt Reduction Efforts
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