Vedanta Shares Plunge as Promoter Sells Rs 1,896 Crore Stakes Amid Market Volatility
Promoter selling activity triggered a significant downturn in the shares of Vedanta, forcing the Mumbai-headquartered mining and metals giant to correct sharply. The open market transactions saw Twin Star Holdings offload a substantial stake, contributing to a major fall in the company's stock price on June 23.The promoter entity, Twin Star Holdings, completed the sale of 6.5 crore shares (1.66 percent stake) at Rs 291.36 per share. This transaction amounted to Rs 1,895.96 crore alone. Vedanta’s total market capitalization stands at Rs 1.1 lakh crore.
Investor Activity and Correction in Vedanta
The high-volume selling pressure resulted in a sharp decline for the company's stock. Vedanta shares fell by 7.9 percent, settling at Rs 281.7 amid intense trading activity on the National Stock Exchange (NSE). As of March 2026, total promoter shareholding in the company stood at 56.38 percent, including the 40.02 percent stake held by Twin Star Holdings.Logistics Stocks See Moderated Correction Amid Institutional Selling
The logistics services sector also saw notable selling activity across multiple firms. Delhivery shares corrected by 1.52 percent to Rs 476.45 on the NSE, amid high trading volumes. This correction followed a sale executed by Nexus Ventures III.Nexus Ventures III sold 43.23 lakh shares (0.57 percent stake) in the logistics provider for Rs 207.97 crore. The selling price for these shares was Rs 481 per share. In the current quarter alone, Nexus Ventures Partners recorded a total sale of 1.39 percent of its stake, amounting to 1.04 crore shares sold on April 8, 2026.
Microcap and Specialty Stock Movements
Significant institutional activity was noted in specialized stocks across different sectors. Vikas Navratanmal Ganna and Jinesh Navratanmal Ganna sold a combined 1.48 percent stake in Sky Gold and Diamonds on Tuesday. This divestment potentially contributed to a 1.52 percent correction seen in the stock price.Vikas Navratanmal Ganna offloaded 11.53 lakh shares at Rs 490.41 per share, generating revenue of Rs 56.56 crore. Similarly, Jinesh Navratanmal Ganna sold 11.41 lakh shares for Rs 56.04 crore, trading at a price of Rs 491.13 per share. Both individuals held approximately 1.98 percent stakes as of March 2026.
Star Investors Participate in DP Wires Trading
Bollywood star Amitabh Harivansh Rai Bachchan also participated in transactions involving the steel wires and plastic pipes manufacturer, DP Wires. The stock saw mixed activity from the prominent investor.As per bulk deal data, Mr. Bachchan purchased 41,566 shares at Rs 199.9 per share. Concurrently, he sold 1.23 lakh shares at a price of Rs 200.84 per share. His March 2026 stake in DP Wires stood at 2.11 percent, holding 3.27 lakh shares.
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