Shares of Vedanta fell as much as 6.3%.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi
Aich)
BENGALURU, March 23 (Reuters) - Indian billionaire Anil
Agarwal-led Vedanta Ltd said on Thursday that talks of
any stake sale in the mining major was "untrue and baseless",
after a media report that the tycoon was weighing selling less
than 5% stake in the company.
Agarwal is studying options including selling a minority
stake in Vedanta as he looks to shrink his commodities business
empire's massive debt load, Bloomberg News reported, citing
people familiar with the matter.
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