Vedanta needs to acquire ~40% shares from the public.
1. Promoters- 50.14%
2. Public - 49.48%.
a) MF- 33.97%
b) Retail - 7.26%
c) HNIs- 0.28%
d) Foreign Investor- 15.15%.
The difference between sounding smart and being smart is “I don’t know.” and we need to see if VEDL can push through this open offer which was announced below the prevailing price in the stock market as the owner wants to take this company off the market and will like to keep it as a private affair.
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