The promoter group is likely to sell about 9 crore shares to raise around 4,000 crore through block deals. The controlling firm of the mining-to-oil conglomerate has been regularly selling shares in the open market in its effort to reduce debt.
When contacted, Vedanta spokesperson, however, denied reports of any stake sale.
"Vedanta Resources strongly denies any plans to sell a stake in Vedanta Limited," said Spokesperson, Vedanta Resources Limited.
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