Vedanta Limited (NSEI:VEDL) promoter is in talks to sell a partial stake in the mining major to Rajiv Jain-led GQG Partners Inc. (ASX:GQG) in a deal worth $1 billion, ETNow news channel reported, quoting sources. The final talks for a potential stake sale have already taken place, and the transaction may take place in a few days in the form of a block deal, the news channel reported. As of December-end, promoter and group entities cumulatively held a 63.71% stake in Vedanta Ltd.
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Other stock markets
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5-day change | 1st Jan Change | ||
3.01 AUD | +1.01% |
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+3.79% | +76.54% |
06-19 | GQG Partners Inc. Announces Appointment of Bryan Weeks to Board of Directors | CI |
05-24 | India's Adani Enterprises recovers to pre-Hindenburg levels | RE |
Stocks mentioned in the article
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5d. change
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Capi.
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455.5 INR | -0.86% | -2.18% | 20.22B | ||
3.01 AUD | +1.01% | +3.79% | 5.92B | ||
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
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+76.54% | 5.92B | |
+3.99% | 125B | |
+5.36% | 99.94B | |
+20.23% | 73.37B | |
+33.06% | 70.56B | |
+25.48% | 47.98B | |
+12.62% | 42.62B | |
+26.83% | 38.24B | |
+11.10% | 26.96B | |
+9.55% | 25.38B |
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- Vedanta Promoter Reportedly in Talks with GQG Partners to Sell $1 Billion Worth Stake