Page 15 - Vedanta

Vedanta promoters pledge shares to raise about Rs 6,000 crore

Promoter group firms pledged 242.26 crore or 65.18 per cent shareholding in Vedanta Ltd in three facility agreements to raise the money, a Vedanta Ltd's filing showed

Vedanta's Sesa Goa iron ore biz pledges to become carbon neutral by 2050

In line with the country's larger vision of net zero carbon economy, the company has devised a comprehensive plan to achieve this goal, the company said in a statement

Vedanta aims to be ESG leader in natural resources, go net-zero by 2050

The company announced the evolution of its mission statement to strengthen the group's commitment to ESG performance

Rise in Vedanta stock may be temporary unless commodity prices rebound

Promoter's stake buy positive, but prices of aluminium, copper, steel, natural gas, crude oil, etc are all down in the past month

Vedanta promoters buy 138.6 mn shares in Vedanta Ltd at Rs 349.7 per share

The promoters had put an offer for 170 million shares

Promoter entity buys stake in Vedanta via open market transactions

Twin Star Holdings and Vedanta Netherlands Investments together bought 137.8 mn shares, amounting to 3.7% stake

Sensex ends up 198 pts, Nifty reclaims 17,500; Paytm zooms 10%

Debutant Latent View Analytics ended with a gain of 147.5 per cent. Overall market breadth was extremely positive

Vedanta up 8% as Moody's sees no impact on credit quality post biz spin-off

Vedanta had recently announced that its board of directors have formed a subcommittee to evaluate a potential spinoff of its aluminum, iron and steel, and oil and gas businesses into separate listed c

Vedanta business spinoff may not affect parent's credit quality: Moody's

Currently, there is no separate disclosure on free cash flow generation by the different businesses; after spinoff each entity will report separate financials

Promoters looking to up stake in Vedanta Ltd by upto 4.57%

The promoter group companies have a purchase offer size of up to 4.57 percent of total shares outstanding as of Sep-30, 2021

Market unimpressed with Vedanta's value unlocking plan as group debt weighs

Investors may be waiting for details and how SC allowing govt to fully divest stake in Hind Zinc plays out

Govt can sell HZL stake in open market as per court order, says Vedanta

Vedanta on Thursday said the Supreme Court has permitted the government to go ahead with the proposal to divest its complete stake in Hindustan Zinc Ltd in the open market.

Vedanta sees India's aluminium output reaching 5 million tonnes in 5-6 yrs

Vedanta is raising annual capacity at Lanjigarh to 5 million tonnes of alumina from 2 million tonnes at a cost of about Rs 4,681 cr

Latest news LIVE: Pfizer signs $5.3-bn Covid pill deal with US govt

The purchase is contingent on US clearance of the Covid oral antiviral, which Pfizer has applied for, according to a statement from the company Thursday

Sensex ends 372 pts lower; Paytm down 27%; Sapphire gains 4%, Escorts 10%

The broader markets ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each

Vedanta dips 3% after company announces value unlocking plans

The board to evaluate and recommend a range of options and alternatives, including demergers, spin-offs or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses

Stocks to Watch: Paytm, KFC, Vedanta, ITC, Zomato, Phoenix, PNB Hsg, IRCTC

Paytm and Sapphire Foods (owner of KFC) will make their debut on the stocks exchanges today

Vedanta mulls value-unlocking through separate listing of businesses

The board has also appointed various advisors to assist in evaluating the options, said the filing

Vedanta mulls group restructuring; separate listing of businesses

Billionaire Anil Agarwal's Vedanta Ltd on Wednesday said it is mulling a group restructuring that may include demerger and listing of the aluminium, iron & steel, and oil and gas businesses as standalone entities. In a stock exchange filing, the firm said its board has constituted a committee of directors to evaluate and recommend options to restructure the group. "The Board of Directors of the Company has decided that, considering the scale, nature, and potential opportunities for various business verticals of the company, the company should undertake a comprehensive review of the corporate structure and evaluate a full range of options and alternatives (including demerger(s), spin-off(s), strategic partnerships etc.) for unlocking value and simplification of corporate structure," it said. Subject to a detailed evaluation, it is the intention that the aluminium, iron & steel, and oil and gas businesses would be housed in standalone listed entities, it added. This is the with .

Cairn to work with Halliburton for boosting offshore recoverable reserves

Aims 10-fold reserve augmentation from Cairn's offshore assets