Nuvama acted as the Book Running Lead Manager (BRLM) to Vedanta Group in the QIP

Nuvama acted as Book Running Lead Manager (BRLM) to Vedanta Group, one of India’s largest natural resource companies, involved in the production of metals, oil , and gas. Nuvama worked closely with the Company through the entire QIP process to ensure smooth and successful closure. This was the largest QIP transaction in the Metals and Mining Sector in India to this date and the deal received an overwhelming response across investor categories. ~70% of book was allocated to long-only investors. The raise was 7x oversubscribed.