Metal major Vedanta is expected to report its net profit in the range of Rs 2,197 crore to Rs 3,060 crore for the quarter ended June 30, 2024, according to estimates by three brokerages. Meanwhile, the revenue is estimated at Rs 35,440 crore – Rs 38,674 crore for the said quarter. The estimates have been … Read more
Vedanta Limited, the metals to oil conglomerate, plans to use the proceeds of QIP for repaying or prepaying lenders, including Oaktree, for the company and its subsidiary The Zinc Ventures Limited (THLZV). The funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable better utilisation of … Read more
Twin Star Holdings, the majority shareholder among Vedanta’s promoters, has sold partial stake in the company through bulk deals on Thursday. According to the bulk deals data available with the exchanges, Twin Star has offloaded 15.4 crore shares or 4.14% stake in the company. The transaction was done at a weighted average price of Rs … Read more
Shares of Vedanta will trade ex-dividend on May 30. The company had earlier announced an interim dividend of Rs 18.5 per share for financial year 2023-24. The record date to determine the eligibility of equity shareholders has been fixed on May 30. The payout by the company towards the first interim dividend will be Rs … Read more