Mumbai, June 23 -- According to media reports, promoter entity Twin Star Holdings was looking to offload up to 6.5 crore shares through block deals at a floor price of Rs 291 per share. The indicated price represented a discount of about 4.9% to Vedanta's previous closing price on the NSE.

The proposed transaction is reported to include a 90-day lock-up period on Twin Star Holdings' remaining stake in the company.

As of 31 March 2026, Twin Star Holdings held a 40.02% stake in Vedanta, while the overall promoter group owned 56.38% of the company.

The transaction comes shortly after Vedanta completed a major corporate restructuring exercise involving the listing of its demerged aluminium, oil and gas, power, and iron and steel businesses...