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The Economic Times

Debaroti Adhikary

Vedanta Iron and Steel shares rally 16% in 3 days as Azim Premji-backed fund buys shares worth Rs 102 crore

Vedanta Vedanta Iron and Steel Vedanta Iron Steel Vedanta Aluminium Vedanta Group Vedanta Oil Gas Vedanta Power

Shares of Vedanta Iron and Steel jumped 5% to hit the upper circuit for the third consecutive session on Wednesday, extending gains to over 16% since Azim Premji-backed Premji Invest’s PI Opportunities AIF V LLP bought shares worth Rs 102 crore after the stock’s market debut on Monday.

PI Opportunities AIF V LLP, an investment arm of Premji Invest, which is owned by Indian billionaire businessman and Wipro Chairman Azim Premji, bought nearly 4.84 crore shares worth Rs 101.68 crore at Rs 21.02 apiece through a bulk deal on Monday.

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