Vedanta stock drops 7% after massive block deal
pre-market1 source ↓written by the desknot a recommendation
- in stock price
- 7% decline
- intra-day low
- ₹284.45
- involving
- 116 million shares
- traded
- 109.2 million
- valued at approximately
- ₹1,890 crore
Vedanta Ltd. experienced a 7% decline in stock price during early trading on Tuesday, hitting an intra-day low of ₹284.45. This drop followed a massive block deal involving 116 million shares, with 109.2 million traded on the NSE alone. The deal, valued at approximately ₹1,890 crore, saw a floor price set at ₹291 per share, indicating a steep discount.
Not investment advice. For informational purposes only.