Vedanta is currently trading at Rs. 313.35, up by 1.25 points or 0.40% from its previous closing of Rs. 312.10 on the BSE.
The scrip opened at Rs. 310.30 and has touched a high and low of Rs. 314.25 and Rs. 306.95 respectively. So far 58995 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 385.75 on 19-Oct-2021 and a 52 week low of Rs. 160.20 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 330.00 and Rs. 306.95 respectively. The current market cap of the company is Rs. 116013.78 crore.
Vedanta The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 19.51% and 9.36% respectively.
Vedanta’s parent organization — Vedanta Resources is planning to set up $10 billion fund to acquire the government’s stake in BPCL or Shipping Corporation of India (SCI). The said plan has attracted interest from sovereign wealth funds and the corpus will be floated once the government invites price for state-owned firms.
The idea is to create a fund with a 10-year life span that will use a private equity-type strategy, buying into companies and boosting their profitability before seeking an exit.