Vedanta Drops 7% as Promoter Twinstar Sells Rs 2,149 Cr Stake
Shares of Vedanta Limited fell to a day low of Rs 284.45 on NSE on 23 June after promoter entity Twinstar Holdings likely offloaded a large block of shares. Around 7.3 crore shares changed hands in the block deal, amounting to roughly 1.9% of Vedanta’s total outstanding equity. Earlier reports... The post Vedanta Drops 7% as Promoter Twinstar Sells Rs 2,149 Cr Stake appeared first on Equitypandit.
Shares of Vedanta Limited fell to a day low of Rs 284.45 on NSE on 23 June after promoter entity Twinstar Holdings likely offloaded a large block of shares.
Around 7.3 crore shares changed hands in the block deal, amounting to roughly 1.9% of Vedanta’s total outstanding equity. Earlier reports had indicated the promoter planned to sell a 1.7% stake.
The shares were sold at an average price of Rs 292 each, taking the total deal value to approximately Rs 2,149 crore. Sources told CNBC-TV18 that Twinstar Holdings, the promoter entity controlled by Anil Agarwal, is the likely seller.
The floor price for the transaction was set at Rs 291 per share, a discount of about 4.9% to Monday’s closing price of Rs 305.85. Buyers and sellers in block deals are typically not disclosed immediately on the exchanges, so the official seller confirmation is still awaited.
As of the March 2026 quarter, the Agarwal family’s total promoter holding in Vedanta stood at 56.38%. Twinstar Holdings alone accounts for 40.02% of the company’s equity.
In a recent interaction around the time of Vedanta Group’s demerger, Anil Agarwal indicated he was open to reducing his stake further. ‘Maalik Bankar Rehna Zaroori Nahi Hai,’ he said, meaning he does not feel compelled to retain majority ownership as long as the business continues to grow.
The demerger itself was a major recent development for the group. Four entities, Vedanta Aluminium, Vedanta Iron & Steel, Vedanta Oil & Gas, and Vedanta Power, debuted on the bourses on 15 June, with all four still trading in the trade-for-trade segment.
At 10:02 am on NSE, VEDL was trading at Rs 286.75, down 6.24%. The stock has shed around 14% over the past one month and sits well below its 52-week high of Rs 795.
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