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Vedanta’s new offer may lure more investors

Vedanta’s new offer may lure more investors

The metals and mining giant has raised its open offer price to repurchase shares of Vedanta Limited to Rs 235 a piece from Rs 160 earlier. Analysts said the acceptance ratio is likely to be as high as 75-80 per cent with the revised open offer price, which is at a nearly 4 per cent premium to Vedanta’s closing price of Rs 226.55 on Tuesday.


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18 March 2021, 02:54