
Vedanta shares extend rally on demerger plan; surge 12% in 2 sessions
Billionaire Anil Agarwal-led firm to demerge its diversified business into six separate listed companies, which will unlock value for its shareholders
Billionaire Anil Agarwal-led firm to demerge its diversified business into six separate listed companies, which will unlock value for its shareholders
The mining company declared fifth interim dividend of ₹20.50 per equity share for the financial year ended March 31, amounting to ₹7,621 crore.
With the fifth dividend, Vedanta’s total outgo for the current fiscal will be ₹101.5 per share, which amount to ₹37,730 crore, the highest ever by the company.
Sumit Deb led the company’s ambitious expansion plans and tapped the post-Covid commodity super cycle.
The miniratna company plans to raise ₹500 crore via debentures or bonds on a private placement basis.
Regulations on the import of non-ferrous metals need to be revisited to empower the domestic market, says Hindustan Zinc CEO Arun Misra.