Crisil downgrades Vedanta’s long-term rating; here’s how stock reacted
Vedanta’s long-term rating downgraded to 'CRISIL AA-' and revised to 'Watch with Developing Implications'; short-term rating placed on 'Watch Developing'.
vedanta demerger
November 2023
October 2023
September 2023
Vedanta sets up new copper unit in Saudi Arabia; stock down 2%
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Vedanta shares slide after Ind-Ra downgrades rating
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.
Vedanta demerger: Mining major forms base metals subsidiary; stock up 3%
Vedanta will demerge the mining biz into six independent “pure play” units; it will help its parent manage debt
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
Vedanta announces demerger of business into 6 listed companies
Mining major says demerger to simplify its "corporate structure" and provide opportunities to global investors to directly infuse funds in these pure-play firms
Vedanta shares rise 2% after hitting 52-week low in previous session: here’s why
Vedanta plans to restructure its businesses such as aluminum, iron & steel, and oil & gas into separate listed entities, which could help its parent company manage its debt load.
