Rationale for the deal The Vedanta group has been

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canada goose black friday sale The promoter group holds 50.14 percent stake in the firm as per the latest shareholding pattern available on stock exchanges. The Vedanta stock had surged by over 12 percent at the end of trading hours on May 11. The current market capitalisation of Vedanta based on its May 11 closing price stands at Rs 33,194 crore.Rationale for the deal The Vedanta group has been pursuing a process of corporate simplification for several years, including the merger of Sterlite with Sesa Goa to form Sesa Sterlite (subsequently renamed Vedanta) in 2012, the merger of Cairn India with Vedanta in 2016, and the delisting of Vedanta Resources (subsequently renamed Vedanta Resources) in 2018. canada goose black friday sale

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