Vedanta hits 52-week high after promoter raises open offer price

Vedanta Resources Plc has raised the open offer price for buying shares in flagship Indian firm to Rs 235 per share from Rs 160 per share earlier

Shares of Vedanta hit a fresh 52-week high of Rs 230, up 2 per cent on the BSE, in the intra-day trade on Wednesday after the promoter, Vedanta Resources Plc, raised the open offer price for buying shares in flagship Indian firm to Rs 235 per share from Rs 160 per share earlier. At 10:38 am, the stock was trading flat at Rs 226.15, as compared to a 0.12 per cent decline in the S&P BSE Sensex.

Vedanta Resources has also has upward revised the number of shares it wants to buy to 651 million shares (17.51 per cent