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Vedanta raises $1 bn via QIP; Goldman, Morgan Stanley among top investors

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Anil Agarwal, Photo: Bloomberg

In a stock exchange filing, Vedanta said it sold 19.31 crore shares to raise Rs 8,500 crore. Photo: Bloomberg

3 min read Last Updated : Jul 21 2024 | 3:36 PM IST


Mining conglomerate Vedanta Limited raised Rs 8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of Rs 440 per share, according to a stock exchange filing by the company.


The issue, which closed on…

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