Vedanta Shares Plummet Over 4% After Chairman's Son's Sudden Death
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Vedanta's share price took a significant hit on Thursday, plummeting over 4% after the sudden passing of company chairman Anil Agarwal's son, Agnivesh Agarwal. The news also impacted Hindustan Zinc Ltd, another key company in the Vedanta Group, with its shares dropping by over 6% on the same day. According to data from BSEIndia, Vedanta's share price stood at 596.55, a 4.13% decline from its previous close of 622.25. Hindustan Zinc's shares, meanwhile, were trading at 591.30, a 6.09% drop from the previous day. Agnivesh Agarwal, 37, tragically passed away due to a cardiac arrest while undergoing treatment at Mount Sinai Hospital in New York. His father, Anil Agarwal, described the loss as the 'darkest' day of his life. The cause of Agnivesh's death was related to a medical setback during treatment for a recent skiing accident in the United States. In other market news, the Sensex and Nifty benchmark indices dropped in early trade on Thursday, with the Sensex falling 255.86 points to 84,705.28 and the Nifty down by 65.9 points to 26,074.85. The decline was attributed to foreign fund outflows and concerns over potential US tariff hikes. Among the top losers on the Sensex were Tata Consultancy Services, Asian Paints, and UltraTech Cement, while ICICI Bank, Adani Ports, and Hindustan Unilever saw gains.
