Shares of Anil Agarwal-led Vedanta fell as much as 9% from their intraday high of Rs 279 on the BSE on Tuesday after media reports claimed that promoter entity Twin Star Holdings likely pared its stake through a block deal. Approximately 7.3 crore shares, worth Rs 2,149 crore, changed hands at Rs 292 apiece in the transaction.
Twin Star Holdings is Vedanta's largest promoter shareholder, holding a 40% stake in the company as of March 31, 2026. The overall promoter group owned 56.38% of Vedanta at the end of the March quarter. The number of shares that changed hands amounts to 1.7% of the company's outstanding equity.