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Last Updated : Jan 14, 2020 11:45 AM IST | Source:

Vedanta share price gains 3% after SC allows co to bid for NALCO's alumina tender

Vedanta share price rallied more than 10 percent in last one month.

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Shares of diversified company Vedanta gained 3.5 percent intraday on January 14 after a media report indicated that the court allowed bidding for NALCO's alumina tender.

The stock rallied more than 10 percent in the last one month. At 11:22 hours, it was quoting at Rs 165.15, up Rs 4.65, or 2.90 percent on the BSE.

The Supreme Court allowed Vedanta to bid for alumina tender of National Aluminium Company, reports CNBC-TV18 quoting Bloomberg.

Meanwhile, last week, the authorized Committee of Directors of the company approved offering for subscription, on a private placement basis, up to 20,000 secured, rated, non-cumulative, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating up to Rs 2,000 crore in one or more tranches.

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First Published on Jan 14, 2020 11:45 am
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