 "Vedanta")
Brokerages have asked investors to either sell or stay away from Vedanta shares following the company’s move to buy Volcan Investments’ stake in Anglo American via subsidiary Cairn India Holdings.
“While we envisage better days for Vedanta operationally, we fail to find merit in its investment in Anglo American Plc,” said Edelweiss Securities.
On Friday, shares of Anil Agarwal-led Vedanta slipped 18 per cent to Rs 163 per share on the BSE.
“Vedanta has its returns linked to share price movement of Anglo American, and Vedanta has no strategic interest in the promoter’s investment in Anglo American. We fail to see merit in
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