Vedanta shares crash 6%! Promoter's Rs 1,890 crore stake sale plan spooks investors
Mumbai/IBNS: Shares of Vedanta Ltd. fell sharply in early trade on Tuesday after reports suggested that promoter entity Twin Star Holdings is planning to offload a stake worth around Rs 1,890 crore in the metals-to-mining conglomerate through a block deal.
Stock slips 6% in early trade
Vedanta's stock declined nearly 6 percent to Rs 294.50 per share during early trading sessions.
The stock also touched an intraday low of Rs 284.45, reflecting investor concerns over the proposed stake sale.
Promoter may sell 6.5 crore shares
According to reports, Twin Star Holdings is likely to sell around 6.5 crore shares of Vedanta through a block deal at a floor price of Rs 291 per share.
The proposed transaction is estimated to be worth approximately Rs 1,890 crore.
Twin Star remains Vedanta's largest shareholder
Twin Star Holdings is the largest promoter shareholder in Vedanta, holding a 40.02 percent stake in the company as of March 31, 2026.
Market participants are closely monitoring the development as large block deals often impact stock prices in the short term due to concerns over supply and promoter confidence.
Stock under pressure
Vedanta shares have remained under pressure in recent weeks.
According to market data, the stock has declined around 5 percent over the past week, 14 percent in the last month, and 15 percent on a year-on-year basis.
The latest reports regarding the promoter stake sale have further weighed on investor sentiment, leading to a sharp sell-off in the stock during Tuesday's session.
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