Key Points
The qualified institutions placement (QIP) of Vedanta Ltd amounting to Rs 8,000 crore received around three times subscription around Rs 23,000 crore, institutional brokers said...
The QIP witnessed significant interest from Foreign Institutional Investors (FIIs), mutual funds, insurance companies and other investors..
Prominent mutual funds like Nippon, ICICI Prudential, SBI, Mirae, and White Oak have put in bids in the offer..
Last fiscal, Vedanta delivered a strong financial performance and growth on multiple fronts, with many of its businesses -- aluminium, zinc, silver, steel, iron ore, and ferrochrome -- achieving their highest-ever annual production levels...
It will create independent companies housing the aluminium, oil & gas, power, steel and ferrous materials, and base metals businesses, while the existing zinc and new incubated businesses will remain under Vedanta Ltd...
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