Vedanta’s promoter is likely to sell shares

Vedanta’s promoter is likely to sell shares through a block deal, according to NDTV Profit.

Vedanta’s promoter is likely to sell shares through a block deal, according to NDTV Profit. The deal value could be around ₹2,000 crore, with the block potentially offered at a 5–7% discount to the current market price. Citi is likely to act as the banker for the transaction and has reportedly approached funds to gauge investor demand. A large block transaction could result in increased supply of Vedanta shares in the market. The discounted price may also influence near-term trading sentiment, particularly if the deal attracts significant institutional participation. Impact: Negative in the near term — the potential promoter stake sale may create temporary supply pressure on the stock, while the 5–7% discount could weigh on market sentiment. However, the actual impact will depend on the final deal size, pricing and investor response.