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Twin Star Holdings, the promoter entity of Vedanta Ltd., plans to sell up to 65.07 million shares

ICICIdirect Research 23 Jun 2026 DISCLAIMER

News: As per media sources, Twin Star Holdings, the promoter entity of Vedanta Ltd., plans to sell up to 65.07 million shares through a block deal worth ~₹1,890 crore (~US$200 million). The shares are being offered at a floor price of ₹291/share, representing a steep discount of ~4.9% to the previous closing price of ₹305.85/share. The transaction also carries a 90-day lock-up on the residual stake.

View: The development is sentimentally negative for Vedanta due to the sizeable block deal and the steep discount to the prevailing market price, which could weigh on near-term stock performance. However, the stake sale does not impact the company's operational fundamentals. We continue to remain constructive on Vedanta, supported by favourable commodity prices, ongoing capacity expansions, and the value-unlocking potential from the proposed demerger.

Impact: Negative

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