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06 Oct 2020

ISec clarifies on Vedanta research note

Mumbai, October 06, 2020 -

The Institutional Research Team of ICICI Securities had issued Research Report on the Q1 results of Vedanta Ltd on October 5, 2020. In this report it was inadvertently mentioned that - Vedanta has highlighted the SEBI approved book value (ex the revaluation reserves) of Rs 89.3 /share. The same should be read as - Vedanta has highlighted that the FY20 book value is Rs 89.3 /share.

SEBI, as a matter of policy, neither approves nor disapproves any Book Value or Delisting Price.

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates,a virtual financial supermarket, meeting the three need sets of its clients - investments, protection, and borrowing. Through its three lines of businesses -- broking, distribution of financial products, and investment banking -- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit:

For further details, contact:

ICICI Securities Ltd.
Rabin Ghosh
+91 9820530306