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The company's board authorized and declared the opening of the issue on Monday, 15 July 2024.
The floor price of Rs 461.26 is at a discount of 0.40% to the previous day's closing price of Rs 459.40 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
The issue price will be determined by the company in consultation with the book running lead manager appointed for the Issue.
Vedanta, a subsidiary of Vedanta Resources, is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power & glass substrate and foraying into semiconductors and display glass.
The company reported 27.22% decline in net profit to Rs 1,369 crore on a 6.15% de-growth in revenue from operations to Rs 34,937 crore in Q4 FY24 over Q4 FY23.
The scrip rose 0.86% to currently trade at Rs 463.35 on the BSE.
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