Vedanta seeks $1 billion in upsized share placement
Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country.
The 7% to 15% rough diamond prices increase at last week’s BHP Billiton auction has made Indian diamond dealers reluctant to sell polished at current prices. The Indian market also widely anticipates a further price rise at the next auction, leading wholesalers to dig their heels in even more.