Vedanta to sell 2.6% equity in Hindustan Zinc via OFS; stocks fall up to 6%
The government holds a 29.54% stake in HZL while Vedanta owns 64.92% shares in the metal and mining company, which are largely pledged.
The government holds a 29.54% stake in HZL while Vedanta owns 64.92% shares in the metal and mining company, which are largely pledged.
Anil Agarwal-led Vedanta records better volumes and cost rationalisation in the April-June quarter, which drove earnings; EBITDA up 47%
The metal and mining company has received approval from State Bank of India to split its existing businesses into six separate entities.
India’s first all-women rescue team, flexibility in work hours and focus on employee mental well-being help company stand out as a future workplace.
The SEBI in its order said that Vedanta must make the payment within 45 days or face further action.
Vedanta Resources, the parent company of Vedanta, faces debt refinancing of $1 billion bonds maturing in Jan 2024, followed by $0.95 bn in Aug 2024, and $1.2 bn in Mar 2025.
Vedanta’s long-term rating downgraded to 'CRISIL AA-' and revised to 'Watch with Developing Implications'; short-term rating placed on 'Watch Developing'.
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Promoters of listed businesses rake in ₹14.67 lakh crore as cumulative payout over five years.
Ind-Ra has downgraded Vedanta’s long-term issuer rating to ‘IND AA-’from ‘IND AA’, while placing it on rating watch with negative implications.