Vedanta Resources makes open offer for 10% stake in India unit
Billionaire Anil Agarwal-led Vedanta Resources has announced an open offer to acquire up to 10% stake in Vedanta. The parent has offered to buy up to 37.2 crore equity shares at ₹160 apiece, a 12% discount on the current market price. It had acquired around 5% stake in Vedanta in December through bulk deals to raise its stake to 55.1%.