As of August last year, it had a mandate to offer, in Indian - TopicsExpress

As of August last year, it had a mandate to offer, in Indian rupees, the equivalent of $3.38 billion for the Hindustan Zinc shares and $550 million for BALCO, but that mandate has expired. Now, because the rupee has weakened, it is seeking a lower threshold - permission to offer up to $487 million for BALCO and no more than $3.48 billion for both shares combined. That could still mean higher formal offers for both or either, as the stakes do not have to be sold simultaneously.uk.reuters/article/2013/10/30/uk-vedanta-india-stakes-idUKBRE99T0ZE20131030

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