Nippon MF, Morgan Stanley, SBI MF top bidders for Vedanta $1 billion QIP

Quick Summary:

The QIP, which closed on Friday, saw nearly three times more demand than the shares on offer.

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) also participated in the QIP.

These projects include the expansion of the aluminium smelter and refinery, investment in new oil and gas blocks, and expansion of the steel and iron ore businesses.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stock markets Vedanta Nippon MF Anil Agarwal SBI QIP Morgan Stanley Indian markets Vedanta

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-21 @ 16:48:00 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 355 words

Reading Time: 2 minutes read

Sentences: 13 lines

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Copyright Owner: © Business Standard

News ID: 21707557

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