Billionaire Anil Agarwal?s Vedanta Resources Limited is likely to sell a 2.5% stake in Vedanta Limited (NSEI:VEDL) in the next couple of weeks through block deals, said two persons aware of the development. Promoter group is likely to sell about 90 million shares to raise around INR 40.00 billion through block deals, said one of the persons quoted above.UK-based Vedanta Resources held a 61.95% stake in Vedanta as of March 31, 2024, through six subsidiaries. Shares of Vedanta have rallied 83% so far this year to INR 471 on 21 June 2024, compared to a 7% gain in the Sensex year-to-date.

The deal is likely to be done by one of the international banks, sources said. An email query sent to Vedanta Group did not elicit any response.