Home / Companies / News / Promoter Westglobe exits company; sells 4.43 crore Vedanta shares

Promoter Westglobe exits company; sells 4.43 crore Vedanta shares

Westglobe held 1.19 percent stake in Vedanta which upon selling entirely to Vedanta Holdings Mauritius, takes the latter's holding to 4.08 percent from 2.89 percent as on 30 September, 2021

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1 min read Last Updated : Dec 25 2021 | 12:57 AM IST

Vedanta Holdings Mauritius, the promoter of Vedanta Limited, Mauritius on Friday bought 4.43 crore shares from another promotor company Westglobe Limited at Rs 340 per share. The total stake buy is worth Rs 1,509.4 crore for Vedanta Holdings Mauritius and it paves an exit route for Westglobe.

Westglobe held 1.19 percent stake in Vedanta which upon selling entirely to Vedanta Holdings Mauritius, takes the latter’s holding to 4.08 percent from 2.89 percent as on 30 September, 2021.

In November, Vedanta Limited's other promotors Twin Star Holdings Limited and Vedanta Netherlands Investments B.V. bought 13.86 crore shares of the company at

Topics : Vedanta shares

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