Vedanta Ltd

Vedanta share price rises 2% after Moody's upgrades corporate family ratings

Moody's has upgraded Vedanta Resources corporate family rating (CFR) to ‘B2’ from ‘B3’, and the rating on its senior unsecured bonds to ‘B3’ from ‘Caa1’.

Nalco, Hindalco, Vedanta shares rise up to 9% as China cancels export tax rebates for aluminium

Any tightening of the supply of aluminium and aluminium products globally are expected to benefit Indian producers.

Vedanta surges over 3%; board to weigh fourth interim dividend for FY25

Vedanta also spearheaded gains in the Nifty Metal index, which climbed over 1 percent today, continuing its five-session rally.

Vedanta stake worth Rs 7,485 cr sold in block deal, promoter entity may have offloaded 4.6% equity

Vedanta Ltd saw 4.6 percent equity stake being sold for Rs 7,485 crore in block deals on June 26. The stake sale comes days after parent Vedanta Resources denied any plan to sell equity.

Vedanta Resources to deleverage debt by $3 billion over 3 years

The financial year 2025 maturities of USD 1,100 million and close to USD 750 million of interest servicing would be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives.

Vedanta Q3 update: Mined metal output up 7% YoY, saleable silver up 22%

The growth in mined metal production, which stood at 271 kilo tonne (kt) in Q3, was "driven by mix of improved mined metal grades and higher ore production" at two mining facilities, Vedanta said

Vedanta board approved donation of Rs 200 crore to political parties in November: Report

Vedanta's board has authorised its chairman and vice-chairman to decide on the "quantum of political contribution to be paid to individual political parties", the report said.

Vedanta falls, has lost 15% in 6 months

Vedanta stock has lost 15.04 percent of its value over the past six months, while the benchmark Nifty has gained 8.07 percent during the period

Vedanta’s demerger fails to excite brokerages; Stock adds up 3%

Investec sees the Vedanta demerger as a strategic move that will eventually make it easier for the promoter to consider monetisation or delisting.

'Promoters of Vedanta should be able to scrape through the debt trap this time'

The current restructuring exercise aims to deal with potential threats in case the rollover of the debt — nearly $6 bn by March 2025 — turns difficult, says Rakesh Arora, MD, GO India Advisors

Lenders approval key to proposed Vedanta demerger as entire promoter holding pledged

As of June 2023 end, promoter group i.e. Vedanta Resources held 68.11 percent in Vedanta Limited or 253 crore shares. This entire holding is pledged with lenders.

Vedanta aims to attract sovereign wealth funds through demerger, eyes debt rationalisation

The demerger is planned as a vertical split, for every one share of Vedanta Limited, the shareholders will additionally receive one share of each of the five newly listed companies.

Vedanta and Hindustan Zinc shares rise as latter approves corporate restructuring plans

Vedanta Chairman Anil Agarwal mentioned last month the possibility of separately listing some or all its businesses, spanning metals, mining, and oil and gas.

Hindustan Zinc declares interim dividend of Rs 7. Here's how much Vedanta will get

The record date for the payment of interim dividend is July 15

Vedanta intends to allocate $1.7 billion in FY24 on growth projects: Chairman Anil Agarwal

According to the annual report for the financial year 2022-23, Vedanta has already made a growth capital expenditure (capex) of USD 1.2 billion to enhance its assets and production.

Vedanta acting CFO Ajay Goel resigns with effect from April 9

Ajay Goel, who was associated with Vedanta since March 2021, has resigned "to pursue career outside of the group", a regulatory filing stated.

Vedanta lines up this year's 5th interim dividend; CRISIL downgrades outlook to 'negative'

Vedanta's fifth interim dividend for this year is worth Rs 7,621 crore.

Huge dividend payout expectation lifts Vedanta to highest intra-day gain since mid-September

Vedanta's indebted London-based parent Vedanta Resources has terminated rating agency Moody’s services after its debt was downgraded deeper into junk territory. This fueled the expectation of a huge dividend payout by the Indian entity to fund parent's debt

Semiconductor plant to be with holding company Volcan Investments, clarifies Vedanta

The clarification came two days after after it was reported that the company will be setting up a semiconductor manufacturing plant in Gujarat with Foxconn

Supreme Court issues notices to Centre, ONGC on appeal of Vedanta Ltd relating to Barmer oil field

On Friday, the Supreme Court asked the Center to respond to an appeal filed by Vedanta Ltd. against a decision of the Delhi High Court involving a production sharing contract (PSC) between Vedanta and the ONGC to produce oil from the Barmer oil field in Rajasthan.

Vedanta pledges 5.8% stake in Hindustan Zinc for Rs 8,000-crore term loan