Vedanta Limited (NSEI:VEDL) promoter is in talks to sell a partial stake in the mining major to Rajiv Jain-led GQG Partners Inc. (ASX:GQG) in a deal worth $1 billion, ETNow news channel reported, quoting sources. The final talks for a potential stake sale have already taken place, and the transaction may take place in a few days in the form of a block deal, the news channel reported. As of December-end, promoter and group entities cumulatively held a 63.71% stake in Vedanta Ltd.
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5-day change | 1st Jan Change | ||
2.4 AUD | +0.84% | +4.35% | +40.76% |
Apr. 17 | Vodafone's Indian Unit Sells Shares to GQG Partners, Fidelity Investments | MT |
Apr. 17 | Vodafone's Indian Unit Sells Shares Worth $261 Million to GQG Partners, Fidelity Investments | MT |
Stocks mentioned in the article
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Capi.
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396.6 INR | +4.07% | +2.75% | 17.66B | ||
2.4 AUD | +0.84% | +4.35% | 4.62B | ||
EPS Revisions
1st Jan change | Capi. | |
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+40.76% | 4.62B | |
-6.03% | 113B | |
-3.98% | 87.91B | |
+20.96% | 63.76B | |
+5.29% | 61.9B | |
+10.12% | 42.86B | |
+7.95% | 40.84B | |
+18.92% | 34.58B | |
+5.88% | 25.48B | |
-5.25% | 22.13B |
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- Vedanta Promoter Reportedly in Talks with GQG Partners to Sell $1 Billion Worth Stake