Vedanta shares slide over 6% amid block deal; promoter entity likely seller
Finsider International Company Ltd., a subsidiary of Vedanta Resources, has reportedly proposed to sell 2.6% stake in Vedanta.
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June 2024
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Vedanta shares tumble 8% amid block deal; GQG likely buyer
Vedanta’s parent Vedanta Resources (VRL) was looking to sell stake worth $1 billion in the company to Rajiv Jain-led investment firm GQG Partners.
Vedanta raises ₹3,400 cr via NCDs
Parent Vedanta Resources gets board nod to postpone maturity of $3.2 bn in outstanding corporate bonds.
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.
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 sets up new copper unit in Saudi Arabia; stock down 2%
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Vedanta shares slide after Ind-Ra downgrades rating
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.
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 announces demerger of business into 6 listed companies
Mining major says demerger to simplify its "corporate structure" and provide opportunities to global investors to directly infuse funds in these pure-play firms
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.
