Don’t miss the latest developments in business and finance.

Vedanta shares drop 6% after protests in Tamil Nadu

Image
Press Trust of India New Delhi
Last Updated : May 23 2018 | 12:10 PM IST

Shares of Vedanta fell 6 per cent today on reports that nine people were killed in police firing after protests against the closure of Vedanta group's Sterlite Copper plant turned violent in Tamil Nadu's Tuticorin.

After opening the day on a weak note, the stock further lost 5.80 per cent to Rs 253.85 on BSE.

On NSE, shares of the company dropped 6 per cent to Rs 253.75.

Nine people were killed in police firing after protests against the closure of Vedanta group's Sterlite Copper plant over pollution concerns turned violent in Tuticorin, with the police action drawing opposition criticism.

The protests have been going on in Tuticorin for over three months now, but violence erupted yesterday with agitators fighting pitched battles with police, prompting an open fire.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: May 23 2018 | 12:10 PM IST

Next Story