Aug 11, 2016 at 17:00 | Source: PTI
Through the merger, Agarwal is looking to create India's largest diversified natural resources firm, which could compete with BHP Billiton and Vale SA.
Aug 06, 2016 at 11:19 | Source: Reuters
Vedanta is among the resource firms hit by a collapse in commodity prices and it is also facing legal action and activist protests over its operations in Zambia.
Aug 01, 2016 at 15:32 | Source: PTI
The billionaire Anil Agarwal-led group had clocked a EBITDA (earnings before interest, taxes, depreciation, and amortisation) of USD 644.6 million in the first quarter of last fiscal.
Jul 26, 2016 at 08:22 | Source: PTI
"Should the merger proceed as announced -- subject to approval, in a cashless all-stock transaction -- minority shareholders would receive one equity share and four 7.5 percent preference shares in Vedanta Ltd for every share held in Cairn India.
Jul 25, 2016 at 10:00 | Source: Moneycontrol.com
The increased offer through preference shares is to prevent further equity dilution as further equity issue would have resulted in Vedanta Resources Plc's stake falling below 50 percent in Vedanta, says Kotak.
Jul 22, 2016 at 18:32 | Source: CNBC-TV18
Speaking to CNBC-TV18, Anil Agarwal, Chairman of Vedanta Resources said that shareholders will meet in a month's time for the merger proceedings.
Jul 20, 2016 at 09:42 | Source: CNBC-TV18
Operating profit is expected to slip 35 percent to Rs 1,076 crore due to lower volume on ongoing mine development. Margin may contract by 330 basis points at 42.4 percent on annual basis.
Jul 14, 2016 at 17:32 | Source: PTI
Metals and mining conglomerateVedanta Resources today said it has repaid in full andredeemed the USD 514.8 million outstanding amount on its 5.5per cent 2016 convertible bonds due on July 13, 2016.
Jul 13, 2016 at 10:06 | Source: PTI
LIC, which had expressed concerns over valuation and debt situation of the entity post-merger, owns 9.06 percent shares in Cairn India as of June quarter and 3.9 percent in Vedanta as of March.
Jul 08, 2016 at 20:10 | Source: PTI
Mining conglomerate Vedanta Resources will invest a total USD 1 billion (about Rs 6,600 crore) in its Gamsberg mine project in South Africa, which is one of the world's largest undeveloped zinc deposits.