Entry into capital market easier than exit due to regulatory process, say corporate compliance firms
Vedanta Resources has proposed to buy out public shareholders in Vedanta Ltd
The company further announced appointment of Anil Agarwal as additional non-executive director designated as chairman of the company's board with effect from Saturday
In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)"
In the near term, we would like to be a 500,000-barrels-per-day company and, after that in the next four-five years, a million barrel company
While oil & gas and zinc segments may provide some cushion to earnings, declining base metal prices will keep sentiment subdued
Vedanta sought access in order to maintain the plant, said it did not intend to run it; matter posted for hearing on March 27
The investment was made on an arms-length basis in December 2018 after meeting all governance requirements
Vedanta, once the largest ore miners in Goa, has almost no operations now, after a Supreme Court order in February quashed the renewal of 88 mining leases
The only company in the natural resources sector to achieve the highest possible score across all parameters