Vedanta Ltd News

Vedanta to raise $100 million by issuing non-convertible debentures

In the past two months, Vedanta's board has already approved raising up to $300 mn through debentures

TMS Ep4212: Maruti Suzuki results, Vedanta debts, predatory pricing

What makes Maruti tick? Is Vedanta out of the woods? Should investors sell stocks in May and go away? What is predatory pricing? All answers here

Stocks today, July 11: Vedanta, LIC, Vadilal, PCBL, Tata Comm, PFC

Stocks to watch on July 11, 2023: Shares of Nazara Tech and Satin Creditcare may see some action as the boards approved fund raising proposals.

Vedanta arm Zinc International in talks with global banks for $1.25 billion

Zinc International loan would require guarantee from Anil Agarwal-promoted group's India-listed firm

Vedanta unit's ability to raise loans reduces liquidity risk for group: S&P

Natural resources group has debt servicing obligations of about $3 bn

Vedanta slips 2% in a strong market after nearly 2% equity changes hands

A combined 69 million shares, representing 1.86 per cent of total equity of Vedanta, have changed hands on the NSE and BSE so far

CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'

The change reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24

Stocks to watch: Adani Group, Vedanta, NHPC, PNB Housing, RHI Magnesita

Stocks to Watch: Index heavyweights Reliance and Bharti Airtel will see some action as the former wages a price war in the broadband connection.

Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore

Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company

Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt

Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani

$100 mn repaid to Standard Chartered Bank, encumbrance released: Vedanta

Recently, Vedanta said that it has prepaid all its debt that was due for repayment till March 2023

Vedanta may buy 6% more stake in Hindustan Zinc for Rs 7,900 cr

Govt planning OFS to sell 15% stake by March-end, will lose special rights over company; sources says Vedanta is looking raise about $1 billion from three foreign banks to fund the acquisition

Vedanta seeking $1 bn from global banks to refinance old debt, say sources

Is negotiating with Barclays, JP Morgan, StanChart; fresh fund raising comes within months of the firm having deleveraged its balance sheet by $2 bn

Metal index tops the rank of worst performers in Feb, rebound may not hold

Hindustan Copper and Vedanta may fall up to 19 per cent due to their weak chart structures.

Will be able to raise the targeted $2 billion, says Vedanta Resources

Will be able to raise targeted $2 bn, says company

Vedanta slips 9%, hits four-month low amid heavy volumes

Growth capex, along with moderation in operating profitability, and higher than expected dividend payout is expected to result in increased leverage this fiscal

Top headlines: Apple creates new jobs, India's derivate bond trade at risk

Business Standard brings you the top headlines at this hour

Vedanta-Hindustan Zinc deal worry may hit divestment plan for FY23

Centre's opposition to the Vedanta-HZL deal is on account of valuation and the deal being a related-party transaction

Gautam Adani isn't the only Indian tycoon in trouble. Look at Vedanta

With Adani scandal putting Modi govt under heightened scrutiny about entanglement of public purpose with private profit, Vedanta's top priority should be to stay out of the headlines

Centre opposes Vedanta's $3-bn zinc asset sale over concerns of valuation

In a setback to billionaire Anil Agarwal's mining group, the government has opposed Vedanta Ltd's proposal to sell its international zinc business to Hindustan Zinc Ltd for USD 2.98 billion over concerns of valuation. The government has threatened to take legal action to stop the sale of the Africa-based assets to HZL, in which it holds a 29.54 per cent stake. In a letter to HZL, posted by the company to stock exchanges, the Ministry of Mines said the deal is a "related party transaction" and the government would "like to reiterate'' its dissent. HZL in January agreed to buy THL Zinc Ltd Mauritius from its parent, Vedanta Ltd, for USD 2.98 billion in phases over 18 months. Vedanta holds a 64.92 per cent equity share of Hindustan Zinc ltd (HZL), which is an integrated producer of zinc, lead and silver. HZL in a separate filing said it would place the ministry's letter before the board and that a meeting of the shareholders to approve the deal was yet to be called. The Rajasthan-ba