🚨 VEDL Slides Nearly 9% Amid Massive Block Deal Buzz!

Shares of Vedanta ( $VEDL ) plunged as much as 8.65% in morning trade after reports suggested promoter entity Twin Star Holding is planning to offload up to 6.5 crore shares via block deals. The proposed transaction is estimated at around ₹1,890 crore, with a floor price of ₹291 per share, according to CNBC-TV18 sources. The sharp decline reflects investor reaction to the potential increase in supply and concerns over near-term price pressure. Market participants will closely watch the block deal execution and institutional demand, as these factors could influence the stock's direction in the coming sessions. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.