$VEDL Shares Fall 7% Following Large Block Deal; Over 100 Million Shares Traded

Shares of $VEDL witnessed sharp selling pressure on Tuesday, declining nearly 7% during intraday trading after a substantial block deal involving more than 100 million shares was executed. The stock dropped to an intraday low of ₹284.45 on the National Stock Exchange (NSE), as heavy trading activity was recorded within the first 25 minutes of the session. By 9:40 AM, approximately 109.2 million Vedanta equity shares, representing nearly 3% of the company's total equity, had changed hands on the NSE. Across both the NSE and BSE, total traded volume reached around 116 million shares. The identities of the buyers and sellers were not immediately disclosed. Promoter Entity Reportedly Behind the Block Deal According to media reports, Twin Star Holdings, a promoter group entity of Vedanta, was expected to offload up to 65.07 million shares through a block transaction valued at approximately ₹1,890 crore (around $200 million). The proposed sale was reportedly offered at a floor price of ₹291 per share, reflecting a discount of nearly 4.9% to $VEDL a's previous closing price of ₹305.85 per share. Reports further indicated that the remaining promoter stake would be subject to a 90-day lock-in period. Stock Underperforms Broader Market Over the past month, $VEDL a shares have declined around 13%, significantly underperforming the broader market. In comparison, the Nifty 50 index has gained approximately 4.6% during the same period, according to NSE data. The sizeable block deal and continued selling pressure have weighed on investor sentiment, contributing to the stock's recent weakness. Investment in securities market are subject to market risks. Read all the related documents carefully before investing