Vedanta Ltd has clarified in reference to the various news items appearing today with respect to alleged discussions between Vedanta and JSW Steel for a possible last-minute joint bid for Essar Steel.
The above referenced news items are speculative and baseless. The Company confirms categorically that it is not in the process of submitting any revised bid for Essar Steel under the IBC process as mentioned in the articles.
Shares of Vedanta Limited was last trading in BSE at Rs.153 as compared to the previous close of Rs. 148. The total number of shares traded during the day was 784048 in over 5018 trades.
The stock hit an intraday high of Rs. 154.3 and intraday low of 148. The net turnover during the day was Rs. 119173372.