Vedanta shares tumble 8% amid block deal; GQG likely buyer
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.
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Vedanta parent raises $1.25 billion loan; stock falls
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 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 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 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.
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.
Vedanta shares rise 2%; here’s why
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.
Vedanta shares jump 2% ahead of dividend announcement
In FY23, Vedanta declared a total dividend of ₹101.50 per share, which amounted to ₹37,730 crore, the highest ever by Anil Agarwal-led mining firm
Vedanta declares 5th interim dividend of ₹20.5; stock rises 1%
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.
Vedanta repays $100-mn loan to Standard Chartered Bank
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
