Vedanta Ltd shares plunged more than 7% on Tuesday after a large block deal involving approximately 6.5 crore shares changed hands in the market. The stock fell as much as 7.5% to Rs 282.85 on the NSE, compared with its previous close of Rs 305.85.
Block Deal Sparks Selling Pressure
The transaction comes after reports suggested that promoter entity Twin Star Holdings was likely to offload up to 6.5 crore shares through block trades. CNBC-TV18 had earlier reported that the deal was expected to be executed at a floor price of Rs 291 per share, representing a discount of around 4.9% to Monday’s closing price.
Based on the floor price, the transaction value is estimated at nearly Rs 1,892 crore. Market participants had anticipated that the sale would involve a reduction in promoter
holdings.
Promoter Holds Over 56% Stake
As of March 31, 2026, Twin Star Holdings owned a 40.02% stake in Vedanta Ltd. The overall promoter group held 56.38% of the company. While the identities of the buyers and sellers were not immediately disclosed, the market widely expected Twin Star to be the seller in the transaction.
Vedanta currently commands a market capitalisation of over Rs 1 lakh crore.
Comes After Major Demerger Exercise
The block deal follows closely on the heels of Vedanta’s landmark demerger exercise. Earlier this month, the company completed the listing of its demerged aluminium, oil and gas, power, and iron and steel businesses, marking one of the largest corporate restructuring efforts in India.
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