Anil Agarwal-led Vedanta shares will be in focus on Monday after the company emerged as the preferred bidder for a diamond mine in Madhya Pradesh. The company announced that the Madhya Pradesh Department of Geology and Mining had invited tenders for the Kauhari Diamond Block through e-auction for a composite licence. Vedanta participated in the … Read more
Vedanta shares plunged 7% to Rs 410 in Monday’s trade on the BSE after the US dollar reached a record peak against the Indian rupee and other global currencies. The Indian rupee weakened past Rs 87 per US dollar for the first time, following President Trump’s tariff impositions on the country’s largest trading partners, driving … Read more
Billionaire Anil Agarwal-led Vedanta is scheduled to consider and announce its fourth interim dividend for FY2024-25 on Monday, December 16. In an exchange filing, the mining major stated, “The meeting of the Board of Directors of the Company is proposed to be scheduled on Monday, December 16, 2024, to consider and approve the Fourth Interim … Read more
The Indian market remained volatile throughout Wednesday’s trading session but ended flat with a positive bias. Sector-wise, buying was observed in auto, consumer durables, FMCG, and IT stocks. Stocks that hit fresh highs include Vedanta, which rose nearly 3%, Swan Energy, which closed with gains of over 9%, and Eris Lifesciences, which ended 1.4% higher … Read more
The Indian mining company controlled by billionaire Anil Agarwal is considering tapping bond markets for at least $500 million in a debut overseas issuance, according to two people familiar with the proposal. Vedanta Ltd. is discussing the plan with lenders and seeking legal opinions about the potential sale, according to the people, who asked not … Read more
raised Rs 1,000 crore from IDBI Bank and Canara Bank last week for three years at 7.68% to repay existing debt and for general corporate purposes, people aware of the matter said. Of the Rs 1,000 crore which were raised in the form of secured bonds maturing 31 December 2024, both banks subscribed to Rs … Read more
New Delhi: Vedanta Ltd on Wednesday said its board has approved an interim dividend of Rs 18.50 per equity share for FY2021-22, amounting to Rs 6,877 crore. “The board of directors of the company in its meeting held on Wednesday…have approved first interim dividend of Rs 18.50 per equity share i.e. 1850 per cent on … Read more