Vedanta shares gain 2% after long-term ratings upgrade from ICRA
Shares of the metal major Vedanta on Thursday rose 2% on the BSE, reaching an intraday high of Rs 469.40, following an announcement that the company received a long-term rating upgrade from ICRA on the expectation of improvement in the company’s credit metrics. The rating for its ‘Longterm/S term βUnallocated limits’ instrument was upgraded to…
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Hindustan Zinc shares fall 8% as Vedanta OFS opens at discounted price
Shares of Hindustan Zinc (HZL) fell 7.8% to a dayβs low of Rs 528 on the BSE on Friday, following the opening of Vedantaβs offer for sale (OFS) at a discounted floor price of Rs 486. The mining conglomerate, which is the promoter of HZL, is selling up to 3.31% of its stake, or 14…
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