Data available with BSE showed that the company received offers for more than 137 million shares against the minimum requirement of 134 million shares.
The company’s shares closed 3.83 percent higher at Rs 122.10 on Friday, while the benchmark BSE Sensex closed 0.81 percent at 40,509.
Of the 137 crore shares, more than 69 crore shares were offered up to Rs 155 per share, 21 crore to Rs 160 per share and 31.80 crore to Rs 320 per share.
Commenting on the reverse process of book making, Vedanta founder Anil Agarwal told news channels that book making has created a lot of momentum and a large chunk of institutional and high net worth investors have already offered his actions.
Previously, Stakeholders Empowerment Services (SES) said that Vedanta’s stake in Hindustan Zinc is only valued at Rs 145. Vedanta owned 64.92% of the company as of June 30. ”SES said.
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