Vedanta shares drop 7% after large block deal
after close1 source ↓written by the desknot a recommendation
- on Tuesday following
- 7%
- block deal involving
- ₹1,892 crore
- shares sold
- 6.5 crore
- stock declined
- ₹282.85
- ₹305.85
Vedanta shares fell over 7% on Tuesday following a ₹1,892 crore block deal involving 6.5 crore shares sold by Twin Star Holdings. The stock declined to ₹282.85 from ₹305.85, reflecting market concerns over the promoter's stake sale post-demerger. This selling pressure may impact investor sentiment in the near term.
Not investment advice. For informational purposes only.