Apr 09, 2021 09:43 AM IST

Strong hands participate in Vedanta's open offer 

Those investors who are holding on to their shares have little to worry about. While there is the hope that the promoter may improve the price next time around, the sector in which Vedanta operates is also doing well 

Centre can ask 10% more share in profits from Barmer block to extend PSC with Vedanta: Delhi HC

The court also said that Vedanta does not have the right to demand extension of the PSC on unilateral terms that suit its interest, overlooking the interest of the State, which is a trustee of the natural resources under a Constitutional mandate.

Coal ministry offers 67 more blocks under new set of commercial auctions

Out of these, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. During the first round of auctions held last year, 19 mines received successful bids, out of the 38 on offer.

Police charge 71 anti-Vedanta protesters over 2018 violence, sources say

The Central Bureau of Investigation has framed charges on 17 counts including damage to public property and possession of deadly weapons, one of the sources said. These charges carry a maximum penalty of up to seven years in prison.

Vedanta's revised open offer better, investors should go with it, say analysts

Anil Agarwal-led Vedanta Resources on March 16 raised the open offer price for buying shares in Vedanta Ltd to Rs 235 a share. In January, it had offered to buy up to 10 percent in Vedanta at Rs 160 apiece.

Vedanta’s Plan B for delisting gets a twist

The increase in Vedanta’s share price meant a higher open offer price was a given. But, why did Vedanta Resources up the stakes by hiking the offer size?

Vedanta ups open offer price for Indian unit to Rs 235/share

In December, the promoters increased their stake from 50.14 percent to 55.11 percent through block deals totalling Rs 2,959 crore.

Vedanta's mining plant in Goa can't operate sans environment clearance: NGT

The tribunal said the plant has recommenced in the year 2019, such recommencement is required to be after the grant of EC even if the plant was initially started prior to the year 2006.

Vedanta, Meil, Great Eastern Shipping, others bid for Shipping Corp: Report

In November 2020, the Cabinet approved strategic divestment of the Centre's stake in Shipping Corporation of India.

Vedanta Resources raises $1.2 billion ahead of open offer for Indian listed unit

Vedanta Resources Finance II Plc, a subsidiary of London-based Vedanta Resources, had gone to the market for raising USD 1 billion.

Vedanta chief financial officer G R Arun Kumar resigns

The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE.

Finance Ministry, Cairn Energy looking for amicable solution to tax dispute: Govt sources

The meeting between Cairn Energy CEO Simon Thomson and finance secretary Ajay Bhushan Pandey comes amid speculation that India is set to challenge an international arbitration award that went against it over the retrospective levy of taxes.

What Vedanta Resources’ $10 Billion divestment kitty can achieve

The Anil Agarwal-promoted holding company is raising money to bid in the government’s PSU privatisation drive

Vedanta, Centricus join hands to create $10-billion fund to invest in divestment-bound PSUs

Vedanta and private equity firms Apollo Global and I Squared Capital's arm Think Gas have shown interest in buying the government's 52.98 per cent stake in BPCL.

Cairn Energy wants India to solve tax dispute 'swiftly': What is the issue all about?

Cairn Energy chief executive officer Simon Thomson is set to visit India next week.

Vedanta: Open offer and expectations of higher dividend to support stock price

Vedanta is trying to bring down cost across segments and also working on improving volumes in a few of the segments like zinc and oil & gas

Vedanta Consolidated December 2020 Net Sales at Rs 22,735.00 crore, up 6.44% Y-o-Y

Vedanta Standalone December 2020 Net Sales at Rs 9,661.00 crore, up 6.34% Y-o-Y

Promoters to acquire 10% stake in Vedanta: Should investors tender shares in open offer?

In the past two months, Vedanta's share price has outperformed the market, surging around 26 percent and 33 percent in November and December, respectively.

Vedanta promoters make an open offer for up to 37.2 crore shares at Rs 160 per share

The promoters made an open offer for up to 37.2 crore shares (10 percent equity) at Rs 160 per share, which is over a 12 percent discount to the current market price.

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post

The ruling is a blow to Vedanta, which has been locked in a legal battle since the Zambian government – which owns 20% of KCM through state mining investment firm ZCCM-IH – handed control of the business to a liquidator in May 2019.

Vedanta's promoter creates pledge on entire equity, shares fall over 2%

A CNBC-TV18 report on December 29 said Vedanta's promoter created a pledge on the entire 55.11 percent equity.

Vedanta Resources raises stake in India unit to 55.1%

The move comes weeks after the firm's failed attempt to delist Vedanta Ltd from Indian stock exchanges.

Vedanta shares surge 13% to hit 52-week high

In early December this year, Moody's Investors Service downgraded the corporate family rating of Vedanta Resources Limited to B2 from B1.

Vedanta’s Anil Agarwal partners with Centricus to invest $10 billion in PSUs acquisition: Report

Anil Agarwal plans to help state companies accelerate into “private firms with professional management”.