Vedanta Ltd on Wednesday said it will appeal against Sebi’s order to pay ₹77.6 crore penalty to Scottish explorer Cairn UK Holdings Ltd for delay in paying dividends to its erstwhile shareholder, news agency PTI reported. Vedanta said the Scottish firm had given up its right to claim interest when it settled a retrospective tax …
It was a long and volatile week gone by but markets managed to reclaim record highS, in continuation to the prevailing trend. In today’s trade a number of shares will be in focus today. SMS PharmaThe European Directorate for the Quality of Medicines & HealthCare conducted a GMP inspection of the company’s API manufacturing facility …
Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Limited, is planning to deleverage as much as $ 3 billion in debt over the next three years, a senior official said at an analyst meeting. The company is not looking for another rollover of its loans in the coming years. “Deleveraging is our priority. …
Vodafone-Idea: Cash-strapped private telecom operator, Vodafone-Idea, on Tuesday saw its board approve a ₹45,000-crore fund raising initiative—including a ₹20,000 crore equity-based fund raise from existing investors. A shareholder meet for the fund raise is expected to take place on 2 April, post which the operator expects to complete the equity fund raise by the end …
Vedanta Cairn The Supreme Court Thursday stressed that it cannot ignore the concerns of the people who are opposed to reopening of Vedanta’s Sterlite Copper plant in Tamil Nadu’s Thoothukudi [Vedanta Limited v. State of Tamil Nadu & Ors] A bench of Chief Justice of India (CJI) DY Chandrachud and Justices JB Pardiwala and Manoj Mishra made it clear that …
Mumbai: Promoters of mining and natural resources major Vedanta Ltd offloaded 1.76% stake in the company for ₹1,737 crore on Thursday through a bulk deal on the BSE, data show. The stake was sold by Finsider International Co. Ltd, a promoter entity, for a weighted average price of ₹265.14 per share. This translates to a …
New Delhi: Following are the stocks that could be in focus today: State Bank of India: India’s largest lender State Bank of India (SBI) is looking to tap the US bond markets to raise $500-750 million. SBI is planning to raise funds through Regulation S bonds, and the roadshows could begin as early as next …
Mumbai: Vedanta Resources, the London-based parent of India’s Vedanta Ltd, has bought itself breathing room as it received investor consent on Wednesday to delay the maturity of a cumulative $3.2 billion of its outstanding corporate bonds. The company will meet the bond investors on Thursday, when it will discuss the restructuring plan in greater detail. …
Vedanta Ltd on Monday approved an interim dividend of ₹11 per equity share i.e. 1100% on the face value of ₹1 per equity share for the Financial Year 2023-24. The record date for the dividend payment worth ₹4,089 crores has been fixed as December 27. “The Board of Directors of the Company, in its meeting …
Vedanta Resources Ltd (VRL), the UK-headquartered parent company of Vedanta group, said it has secured a USD 1.25 billion loan from private credit lenders to refinance/repay part of the USD 3.2 billion debt maturing in 2024 and 2025, but this did not prevent S&P Global from downgrading its ratings. In a statement, Vedanta Resources said …