Latest News, Updates & Breaking Headlines
Mumbai: Vedanta Ltd, the promoters of Hindustan Zinc (HZL), is eyeing to sell up to 6.7 crore shares of HZL, translating to almost 1.6% of its equity to mop up nearly Rs 4,600 crore. On Tuesday, Vedanta informed the stock exchanges that it would sell the HZL stake through the offer for sale (OFS) route…
PM Narendra Modi, on Thursday, extended his condolences over the passing of Agnivesh Agarwal, the 49-year-old Vedanta Group director. Taking to X, PM Modi wrote, “The untimely passing of Shri Agnivesh Agarwal is deeply shocking and saddening. The depth of your grief is evident in this touching tribute. Praying that you and your family find…
NEW DELHI: Mining giant Vedanta Ltd on Saturday said it has reported a rise in production of aluminium, zinc and iron ore during the December quarter. However, production of steel, and oil and gas dropped during the third quarter of the current fiscal year. The company’s total aluminium production during the quarter rose marginally by…
Creditors of Jaiprakash Associates have unanimously voted in favour of Gautam Adabi-led Adani Enterprises’ resolution plan, choosing it over Vedanta despite the latter placing the highest overall bid in a September e-auction, people familiar with the discussions told ET.Jaiprakash Associates (JAL), which owes lenders Rs 55,000 crore, was admitted into insolvency proceedings in June last…
NEW DELHI: Adani Enterprises is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta’s bid to make payments in five years, sources said.In early September, mining conglomerate Vedanta Group had beaten Adani…
CLSA has an outperform rating on Vedanta with the target price at Rs 580. Analysts said that the company’s July-Sept quarter (Q2FY26) earnings before interest, taxes, depreciation and amortisation (EBIDTA) of Rs 11,400 crore was in line with consensus. It guided for higher FY26 EBIDTA, driven by higher commodity prices and operational improvement. Over the…
Vedanta Ltd, led by Anil Agarwal, has postponed the completion of its demerger to March 31, 2026 due to pending approvals from the National Company Law Tribunal (NCLT) and government authorities.The company made the announcement in a filing this week.“Given that the conditions precedent in the Scheme, including approval of the National Company Law Tribunal,…
MUMBAI: The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to Oct 8, as the ministry of petroleum and natural gas objected to the scheme, citing a lack of necessary disclosures. The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in five…
Gulveer Singh and Lili Das (Image-X) New Delhi: Asian Games medallist and national record holder Gulveer Singh, and defending champion in the women’s section Lili Das, are set to lead the elite Indian field at the Vedanta Delhi Half Marathon (VDHM), scheduled to be flagged off from the JLN stadium on October 12. Promoted by…
New Delhi: Vedanta Resources CEO Deshnee Naidoo showed optimism that demerger of its Indian arm Vedanta will be completed in current fiscal and stressed that her focus now is on restructuring of company.NCLT on Wednesday will hear Vedanta’s proposed demerger of business verticals. agencies Source link
