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Vedanta shares fall 6% after firm's clarification on chip plant
short by Srishty Choudhury / on Friday 16 September, 2022
Vedanta Limited's shares fell by 6% on Friday after the Anil Agarwal-led company issued a clarification that the proposed Vedanta-Foxconn semiconductors business will be undertaken by Vedanta's ultimate holding company, Volcan Investments Limited, and not Vedanta. At 12.10 pm, its stock was trading 6.2% lower at ₹294.6 apiece on the NSE. Volcan is wholly owned by the Agarwal family trust.
read more at Moneycontrol