23-Jun-2026 11:21:01
Vedanta Shares Slunge 7% Following ₹2,149 Crore Promoter Block Deal
Vedanta Ltd. shares tumbled over 7% following a massive block deal worth ₹2,149 crore on the exchanges. Around 7.3 crore shares, representing a 1.9% equity stake, changed hands at an average price of ₹292 per share. The heavy institutional offloading was reportedly executed by billionaire Anil Agarwal’s promoter entity, Twin Star Holdings. This heavy supply pressure dragged the stock down to an intraday low of ₹279 on the NSE, as investors reacted to the sudden promoter stake reduction.