 "Vedanta")
Metals and mining major Vedanta is seeking shareholder approval for related-party transactions worth Rs 8,661 crore for the ongoing financial year (FY23).
Three resolutions have been listed on the agenda of the company's annual general meeting (AGM), to be held on August 10, involving subsidiaries. This includes a related-party deal with Bharat Aluminium Company (BALCO) in which Vedanta has a 51 per cent stake.
The transaction, worth Rs 4,984 crore, will involve the sale and purchase of goods and services, stores and spares and fixed assets during FY23. The other two transactions, with ESL Steel and Sterlite Power Transmission each,
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