The Rs 865-crore public issue will comprises a fresh issue of Rs 320 crore and an offer-for-sale of up to Rs 545 crore.
The valuation of the company was estimated to be up to $3 billion.
The IPO comprises fresh issue of equity shares worth Rs 320 crore and an offer for sale of Rs 545 crore of promoters and existing shareholders.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
In conversation with Sheetal Agarwal of IIFL, the Founder of the company outlines his growth strategy, macro opportunities and fund-raising plans.
As per the company’s 2022 annual report, currently Tata Motors holds 74.69% stake in the firm while Alpha TC Holdings Pte has 7.26% stake.