Vedanta shares hit 52-week low despite ₹2500 crore fund raise move
The metal company informed that the fund raise would be done through issuance of fresh shares
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.
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.
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