Free Press Journal

Anti-Sterlite Protest: Vedanta shares crack over 7% after protests in Tamil Nadu

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New Delhi: Shares of Vedanta plunged over 7 percent, a day after nine people were killed in police firing as protests against the closure of Vedanta group’s Sterlite Copper plant turned violent in Tamil Nadu’s Tuticorin. The stock dropped 6.23 percent to close at Rs 252.70 on BSE. During the day, it slumped 7.17 per cent to Rs 250.15. On NSE, shares of the company dropped 7.20 percent to end at Rs 250.50.

In terms of equity volume, 28.90 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

Nine people were killed in police firing after protests against the closure of Vedanta group’s Sterlite Copper plant over pollution concerns turned violent in Tuticorin, with the police action drawing opposition criticism. The protests have been going on in Tuticorin for over three months now, but violence erupted yesterday with agitators fighting pitched battles with police, prompting an open fire.