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.
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Vedanta demerger: Mining major forms base metals subsidiary; stock up 3%
Vedanta will demerge the mining biz into six independent “pure play” units; it will help its parent manage debt
Vedanta rebounds from 52-week low on buzz to acquire African copper biz from parent
The stock price got a boost as Anil Agarwal plans to transfer Zambia’s Konkola Copper Mines from his group’s holding company Vedanta Resources to Vedanta.
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.
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 declares 5th interim dividend of ₹20.5; stock rises 1%
With the fifth dividend, Vedanta’s total outgo for the current fiscal will be ₹101.5 per share, which amount to ₹37,730 crore, the highest ever by the company.
Crisil upgrades Vedanta's credit rating to 'AA'
The rating agency cited stronger-than-expected EBITDA driven by elevated commodity prices during FY22 for the rating upgrade.
