Vedanta to raise ₹2,500 cr via debt securities; stock hits 52-week high
Anil Agarwal-led company had raised ₹3,400 cr via non-convertible debentures in December 2023, too, taking its debt up to ₹62,493 cr as of Q3 FY24
Anil Agarwal-led company had raised ₹3,400 cr via non-convertible debentures in December 2023, too, taking its debt up to ₹62,493 cr as of Q3 FY24
India’s first all-women rescue team, flexibility in work hours and focus on employee mental well-being help company stand out as a future workplace.
The SEBI in its order said that Vedanta must make the payment within 45 days or face further action.
Vedanta’s parent Vedanta Resources (VRL) was looking to sell stake worth $1 billion in the company to Rajiv Jain-led investment firm GQG Partners.
Parent Vedanta Resources gets board nod to postpone maturity of $3.2 bn in outstanding corporate bonds.
Vedanta Resources, the parent company of Vedanta, faces debt refinancing of $1 billion bonds maturing in Jan 2024, followed by $0.95 bn in Aug 2024, and $1.2 bn in Mar 2025.
Vedanta’s long-term rating downgraded to 'CRISIL AA-' and revised to 'Watch with Developing Implications'; short-term rating placed on 'Watch Developing'.
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Ind-Ra has downgraded Vedanta’s long-term issuer rating to ‘IND AA-’from ‘IND AA’, while placing it on rating watch with negative implications.
Billionaire Anil Agarwal-led firm to demerge its diversified business into six separate listed companies, which will unlock value for its shareholders