Vedanta promoters to make 'creepy purchases' of shares in oil & gas arms: Report

Vedanta's promoters are planning to raise ₹2,000-₹3,000 crore to increase their stake in the group's oil & gas firms through open market creeping purchases, CNBC-TV18 reported citing sources. Creeping purchases involve gradual buying of shares through open market over a prolonged period of time. SEBI allows promoters to acquire 5% stake in their companies in a year through creeping purchases.