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.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
3.01 AUD | +1.01% |
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+4.51% | +76.54% |
19/06 | GQG Partners Inc. Announces Appointment of Bryan Weeks to Board of Directors | CI |
24/05 | India's Adani Enterprises recovers to pre-Hindenburg levels | RE |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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455.5 INR | -0.86% | -2.18% | 2.02TCr | ||
3.01 AUD | +1.01% | +4.51% | 591.67Cr | ||
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
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+76.54% | 591.67Cr | |
+4.24% | 13TCr | |
+6.05% | 9.99TCr | |
+20.53% | 7.34TCr | |
+33.06% | 7.06TCr | |
+25.65% | 4.8TCr | |
+12.35% | 4.26TCr | |
+27.05% | 3.82TCr | |
+11.96% | 2.7TCr | |
+9.26% | 2.54TCr |
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- Vedanta Promoter Reportedly in Talks with GQG Partners to Sell $1 Billion Worth Stake