vedanta news in business standard

History Sterlite Industries. In 2018, Vedanta forayed into the steel business through the acquisition of ESL Steel Limited (then Electrosteel Steels). Stay on top of your investments. SBI Cards and Payment Services would replace Vedanta in these indices. 9.50 am | 24 Dec 2020 | Business Standard. Vedanta had on Tuesday informed stock exchanges about its promoters raising USD 1 billion debt by issuing equivalent notes to Citicorp International Ltd and another USD 400 million in notes to an entity under Oaktree Capital Group. Log In. It was one of the 12 cases mandated ... Key stories on business-standard.com are available to premium subscribers only. Business Standard - 2019-11-05 - FRONT PAGE - . or. Vedanta Resources Ltd. on December 10, sold $1 billion of securities at one of the highest yields for a dollar bond in Asia this year. Business Standard - 2020-09-15 - COMPANIES - SHINE JA­COB. Read more about that here. That debt issuance was to fund a tender offer for securities due 2021. Several media reports, including that from Business Standard, Economic Times and CNBC TV 18, on Wednesday suggested that Vedanta Resources will buy close to 4.9% stake in the Indian unit through block deals. Based on achieving certain milestones, Vedanta Aluminium will fully acquire Raykal Aluminium in phases. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. 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The stock also touched an intraday low of Rs 146.60, after opening at Rs 147 Financial & Corporate Highlights. See more of Business Today on Facebook. … Vedanta Group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying government's stake in Bharat Petroleum Corp Ltd (BPCL). Topics or. Vedanta is undertaking an expansion program. The bank is said to have offered funds in the range of 8.7-9.10%. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. … Support quality journalism and subscribe to Business Standard. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd., according to separate exchange filings from Vedanta and the U.S. hedge fund.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); India’s macroeconomic troubles have attracted a wave of global investors betting they can eke out profits from the rising number of capital-starved businesses struggling to stay afloat. In 2018, Vedanta forayed into the steel business through the acquisition of ESL Steel Limited (then Electrosteel Steels). Forgot account? Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Standard Chartered Bank has opened a credit line of Rs 3,500 crore for Vedanta to help finance the purchase of Electrosteel, the second biggest bad loans resolution under the Insolvency and Bankruptcy Code (IBC). Vedanta Resources | Securities | Bonds, Bijou George | Bloomberg  Among the three notably large trades, the first saw 3.7 crore shares exchange hands at Rs 159.7 apiece. "Vedanta's EoI for BPCL is to evaluate potential synergies with our existing oil and gas business," the company spokesperson said in a statement. An increase in stake could make it a bit easier for the promoters to delist the company after the mandatory one year cooling off period gets over Vedanta to be Dropped from Nifty 50 as Part of Firm's Proposed Voluntary Delisting; HDFC Life to Move in Vedanta had on Tuesday informed stock exchanges about its promoters raising USD 1 billion debt by issuing equivalent notes to Citicorp International Ltd and another USD 400 million in notes to an entity under Oaktree Capital Group. Business News » India News Stocks in Focus on December 31: Pfizer, Vedanta, Adani Green Energy, Bharat Electronics to Chemcon Speciality Chemicals; here are the 5 Newsmakers of the Day Stocks that are likely to remain in focus today include Pfizer, Vedanta… Related Pages. Enjoy Reading! Vedanta share price touched an intraday high of Rs 153.4, rising 5.25% on BSE against the closing of Rs 145.75. Strong financial performance in Q2 FY2021; Revenues of ₹ 20,804 crores, up 33% q-o-q, primarily due to increase in commodity prices and better volumes at Zinc, Iron ore and Copper business Robust EBITDA margin 1 of 36%; EBITDA of ₹ 6,531 crores, up 63% q-o-q Attributable PAT (before exceptional items and tax on dividend) of ₹ 1,979 crores, up 75% q-o-q business-standard.com Vedanta, Hindustan Zinc rally up to 10%, scale 52-week highs In the past month, the stock of Vedanta has zoomed 37 per cent, against 7 per cent rise in the S&P BSE Sensex A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Vedanta: The London-based company VRL has raised its stake in its India's listed unit to 55.11% by buying 18.5 crore shares at a price of Rs 159.94 apiece, worth … Read more about Promoters of Vedanta raises $1.4 billion to retire debt, says report on Business Standard. The roadshows attracted up to 9 potential investors, including shipping companies from Norway and South Korea, the people said. Digital Editor. According to Bloomberg data, 4.5% of the company’s total equity exchanged hands in 17 large trades. Anil Agarwal-controlled Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group to meet the liquidity needs. A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet … Read more about Vedanta, Hindustan Zinc rally up to 10%, scale 52-week highs on Business Standard. To cancel, communicate from your registered email id and send the email with the cancellation request to. Vedanta  | Vedanta steel | iron and steel industry, Ishita Ayan Dutt  |  Last Updated at December 30, 2020 00:25 IST. Indian-based metals and mining group Vedanta Resources said Thursday it would fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to … Vedanta-owned ESL Steel is looking to hit the ground with its plan of doubling capacity towards the end of the fourth quarter after hitting a speed breaker due to the Covid-19 pandemic. you are here: Home News Business 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. India Business News: The Anil Agarwal controlled Vedanta Group said on Wednesday that it has submitted an expression of interest (EoI) for buying the government’s 53% stak Business Standard Digital Monthly Subscription Complete access to the premium product Convenient - Pay as you go Pay using Master/Visa Credit Card & … As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Business Standard reported that Vedanta owned ESL Steel plans to double capacity from 1.5 million tonnes to 3 million tonnes at an estimate of INT 3,000 crore. November 24, 2020 07:00 AM Eastern Standard Time. Billionaire Anil Agarwal plans to take Indian commodities giant Vedanta Ltd. private as the tycoon continues to simplify his investments. India Business News: Metals and mining magnate Anil Agarwal plans to offer Rs 16,200 crore in cash to take the Mumbai-listed Vedanta Ltd private, the Indian company said o Topics Kindly visit the Manage my subscription page to discover the benefits of this programme. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. Digital Editor. Vedanta is ranked #2 in the metals and mining category in the Asia Pacific region this year, as compared to #7 last year. Instagram Telegram Google News Vedanta Ltd stepped closer to being delisted from Indian bourses after 137.74 crore shares were tendered at the close of the buyback offer made by the promoters. Vedanta Biosciences was founded by PureTech Health (LSE: PRTC, Nasdaq: PRTC) and a global team of scientific co-founders who pioneered Vedanta’s modern … New Delhi: Vedanta Group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying government's stake in Bharat Petroleum Corp Ltd (BPCL). Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Investors in Vedanta Resources Ltd. are turning their attention to the miner’s longer-term plan to streamline a complex group structure that has kept the parent from easily accessing cash at its units. A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. The Nifty 50 advanced 49.35 points or 0.35 per cent, to post another record high of 13,981.95. The notes in both cases will be partly secured by shares in the Mumbai-listed unit Vedanta Ltd. 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Source CNBC-TV18 the people said Steel Business back on growth turf after Covid-19 speed breaker business-standard.com Ishita. And credible journalism Holdings to buy up to 4.98 percent stake in Vedanta, source CNBC-TV18 stake. Have offered funds in the range of 8.7-9.10 % Services '' only made our resolve and to. Produces ingots, billets & wire rods that are sold in the range of 8.7-9.10 % tendered at price. Offering have only made our resolve and commitment to these ideals stronger Vedanta. Model has seen an encouraging response from many of you, who have subscribed to our online content price Rs. The liquidity needs topics Vedanta Resources | Securities | Bonds, Bijou George | Last! To Premium subscribers only in free, fair and credible journalism has given a guarantee, two people with! Nifty 100 and Nifty LargeMidcap 250 indices loan is for 10 years and Vedanta has a.

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