New Delhi, July 8 -- Shares of metal and mining major Vedanta Limited traded in the green on Tuesday after the company informed exchanges about the release of encumbrances created on its shares following the repayment of loans and bonds by the promoter group.
Vedanta share price gained 0.5% to the day's high of Rs.456.85 apiece. The large-cap stock, with a market capitalisation of Rs.1.77 lakh crore, is trading 13% away from its 52-week high of Rs.527 but is up 26% from its 52-week low of Rs.362.20.
Vedanta shares are up 2.5% year-to-date, however, in the last one year, the dividend-paying stock has lost 2%.
Twin Star entered into a loan agreement for $200 million with Canara Bank (London Branch) in June 2022. As part of this, an encum...
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