It sold nearly 98 mi lion shares at ₹427 apiece to raise ₹4,184 crore. Names of the buyers were not disclosed by the exchange.
Shares of the mining conglomerate Vedanta plunged as much as 6.5 per cent before recouping som losses. They ended at ₹442, down per cent over the previous day's closing.
This story is from the June 27, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 27, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
India, US extend 2% digital tax pact on e-commerce
India and the United States have decided to extend the agreement relating to 2 per cent equalisation levy, or digital tax, imposed by New Delhi on e-commerce platforms till June 30, the finance ministry said on Friday.
Brokerages turn bullish on telcos after tariff hike
Bharti Artel and Reliance Jio (RJio) announced a hike in tariffs across telecom plans with effect from July 3.
Emcure Pharma looks to raise ₹1,952 cr via IPO
Emcure Pharmaceuticals has set a price band of ₹960-1,008 per share for its initial public offering (IPO) that opens for subscription on July 3.
ICICI Prudential MF launches energy fund with eye on demand growth
ICICI Prudential Mutual Fund (MF) has announced the launch of Energy Opportunities Fund, a thematic scheme which will look to ride the energy growth demand wave and capture the emerging opportunities in the renewables space.
Geopolitics biggest risk to markets: Chris Wood
Geopolitics, particularly, the growing risk of escalation in the Russia-Ukraine conflict, remains by far the biggest risk the markets, wrote Christopher Wood (pictured), global head of equity strategy at Jefferies in his weekly note to investors, GREED & fear.
Indices snap winning streak
Equity benchmark Sensex on Friday fell for the first time in seven days, while the Nifty 50 index notched up its first loss in five days.
Navigating the hype-reality divide
It has been an education watching the T20 World Cup and the Euro on my mobile.
Attracting Netravalkars
EYE CULTURE VISHAL MENON The average Indian male loathes Saurabh Netravalkar.
A new paradigm for creating jobs
It would be prudent to take up a few sectors initially, get the policy instruments right, and put in the critical mass of resources to achieve a self-sustaining inflection point
Three elections, three mistakes
Joe Biden had a disastrous evening on the debate stage on Thursday.
