Vedanta parent raises $1.25 billion loan; stock falls
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.
metals and mining
December 2023
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November 2021
Crisil downgrades Vedanta’s long-term rating; here’s how stock reacted
Vedanta’s long-term rating downgraded to 'CRISIL AA-' and revised to 'Watch with Developing Implications'; short-term rating placed on 'Watch Developing'.
Vedanta shares rise 2% after hitting 52-week low in previous session: here’s why
Vedanta plans to restructure its businesses such as aluminum, iron & steel, and oil & gas into separate listed entities, which could help its parent company manage its debt load.
Vedanta shares rise 2%; here’s why
For the first time, Hindustan Zinc has paid a royalty of 1.7% of the annual revenue to Vedanta, which will be used by parent, Vedanta Resources, to pare some of its debt.
Anil Agarwal’s Vedanta pledges nearly entire stake in Hindustan Zinc
The metal and mining major pledged 13.94 crore shares or 3.3% stake in its subsidiary Hindustan Zinc on May 22 in favour of Axis Trustee Services
Vedanta shares jump 2% ahead of dividend announcement
In FY23, Vedanta declared a total dividend of ₹101.50 per share, which amounted to ₹37,730 crore, the highest ever by Anil Agarwal-led mining firm
Crisil revises Vedanta outlook to 'negative' citing large dividend payout
The dividend payout by Vedanta for fiscal 2023 will be more than ₹40,000 crore, including the recent dividend announced by Hindustan Zinc, says Crisil.
Vedanta shares drop 4% as Q2 profit halves; fall 38% in 6 months
Anil Agarwal-led mining company has reported a 60.8% YoY decline in consolidated net profit at ₹1,808 crore for Q2 FY23, weighed down by lower commodity prices and rise in operating expenses
This Maharatna company rallied 32% in four sessions; here’s why
The stock of this state-owned company has risen 20% in the past one month and 32% since the beginning of the calendar year 2022.
Hindustan Zinc to go global
The company plans to expand its mining capacity to 1.5 MT from 1.2 MT, with an investment of about ₹4,000 crore.
