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VEDL - Vedanta News Story

₹130.95 -3.4  -2.5%

Last Trade - 18/09/20

Sector
Basic Materials
Size
Large Cap
Market Cap £5.08bn
Enterprise Value £9.00bn
Revenue £8.85bn
Position in Universe 64th / 3004

India's Vedanta slumps 20 pct on worries about Cairn India investment

Fri 1st February, 2019 4:47am
Feb 1 (Reuters) - Shares of Indian miner Vedanta Ltd
 VDAN.NS  slumped about 20 percent on Friday to a 30-month low
in heavy trade, on concerns about one of its transactions in the
third quarter.
    More than 45 million shares changed hands in the 30 minutes
of trading, making them the most heavily traded stock on the NSE
index  .NSEI .    
    Vedanta said https://bit.ly/2TpGNrV on Thursday its foreign
unit Cairn India Holdings Ltd had paid a part sum of $200
million to buy a stake in Anglo American PLC  AAL.L  from Volcan
Investments Ltd.

 (Reporting by Chandini Monnappa in Bengaluru; Editing by
Subhranshu Sahu)
 ((chandini.m@thomsonreuters.com; +91-82-6749-7919; Reuters
Messaging: chandini.m.thomsonreuters.com@reuters.net))
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