
Vedanta to raise up to ₹2,500 cr via NCDs; stock hits fresh 52-week low
The committee of directors of Vedanta on Thursday approved raising up to ₹2,500 crore through the issuance of NCDs in one or more tranches.
The committee of directors of Vedanta on Thursday approved raising up to ₹2,500 crore through the issuance of NCDs in one or more tranches.
The stock price got a boost as Anil Agarwal plans to transfer Zambia’s Konkola Copper Mines from his group’s holding company Vedanta Resources to Vedanta.
For the first time, Hindustan Zinc has paid a royalty of 1.7% of the annual revenue to Vedanta, which will be used by parent, Vedanta Resources, to pare some of its debt.
The NCDs will be issued on a private placement basis, says Vedanta
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.
The dividend payout by Vedanta for fiscal 2023 will be more than ₹40,000 crore, including the recent dividend announced by Hindustan Zinc, says Crisil.
Vedanta recently assured investors that it has a "tremendous asset" base, which delivers high cash flows. With current loan repayment, encumbrance has been released, says Vedanta
The market capitalisation of the Anil Agarwal-led company slipped below ₹1 lakh crore marks amid continued fall in Vedanta shares for the last eight sessions.
Tatas, too, in talks with Taiwanese electronics giant Wistron to make Apple iPhones. Developments could pave way for large-scale electronics manufacturing in India
India's journey from chip taker to chip maker has officially begun, says Vedanta chairman Anil Agarwal. The JV project will generate around 1 lakh direct jobs.