Vedanta shares hit 52-week low despite ₹2500 crore fund raise move

Downtrend in Vedanta shares continued for third straght session during Friday morning deals. Vedanta share price today opened higher at ₹228.50 per share levels but profit booking triggerd within few minutes of stock market's opening bell and the stock hit new 52-week low of ₹222.55 apiece on NSE. 

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While hitting new 52-week low, Vedanta shares hit 14-month low as well.

On Thursday, Vedanta Limited had informed Indian stock market bourses that its borad of directors has approved fund raise to the tune of ₹2,500 crore.

The metal company informed that the fund raise would be done through issuance of fresh shares.