Vedanta shares falls third consecutive session, hitting a 52-week low at ₹222.55 Read more >>
Vedanta's board approves a fund raise of ₹2,500 crore through the issuance of fresh shares, as announced on Thursday
Vedanta's move to raise funds involves issuing secured, unrated, unlisted, redeemable non-convertible debentures (NCDs) of face value ₹1,00,000/- each
Vedanta's shares have been correcting since April 2022, from around ₹430 to a 14-month low of ₹222.55, marking nearly a 50% decline
Over the past year, Vedanta's share price dipped about 20%, from nearly ₹280 to ₹222 per share, registering a significant decline
In the last six months alone, Vedanta shares have dropped approximately 21%, from ₹285 to ₹222
Vedanta's recent performance reflects challenges in the market, with a sharp correction over various timeframes