Vedanta

Vedanta's Proposed Debt-Financed Acquisition will Simplify Group: Moody's

Earlier this week, Vedanta said the acquisition of minority stake will be at a price that is the higher of either the floor price Rs 87.50 per share -- a 10 per cent premium over the closing market price of Rs 79.60 on May 11 -- or the price discovered through the reverse book building process.