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Anil Agarwal
Who is Anil Agarwal
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Latest Updates on Anil Agarwal
Vedanta raises $500 mn via bond issuance to repay near-term obligations
With this, the Group now has no material maturities until FY27, ensuring a well-balanced liability structure
 "Vedanta raises $500 mn via bond issuance to repay near-term obligations")
Vedanta extends demerger deadline to March 2026 amid pending approvals
The mining firm had earlier revised its demerger plan and decided to retain its base metal undertaking within the parent firm
 "Vedanta extends demerger deadline to March 2026 amid pending approvals")
Vedanta plans bond sale to repay costly private debt, lower costs
Vedanta seeks to tap the dollar bond market as junk-rated Asian borrowing costs hit a four-year low, aiming to refinance private debt it borrowed at 18 per cent interest in 2023
 "Vedanta plans bond sale to repay costly private debt, lower costs")
Vedanta demerger faces delay as Centre objects, Sebi issues warning
Vedanta's plan to split into six listed entities has been delayed after the Centre objected and SEBI issued a compliance warning, intensifying regulatory scrutiny
JP Morgan backs Vedanta after Viceroy report, says "not getting distracted"
Analysts at JP Morgan believe Vedanta is cheap within the Asian and emerging market (EM) metals and mining space
Anil Agarwal unveils 3D strategy to double Vedanta's business size
Vedanta Chairman Anil Agarwal unveils a 3D strategy - demerger, diversification, deleveraging - to double the company's size and unlock value, aiming to create $100-billion businesses across sectors
 "Anil Agarwal unveils 3D strategy to double Vedanta's business size")
Who is Viceroy Research? The short-seller targeting Vedanta's parent
Shares of Vedanta tanked up to 8 per cent in Wednesday's intra-day trade on the BSE amid heavy volumes, after Viceroy Research's report.
 "Who is Viceroy Research? The short-seller targeting Vedanta's parent")
Vedanta edges higher ahead of NCLT's decision on demerger scheme
Vedanta's plea to demerge into four distinct entities is listed for final approval before the NCLT on Wednesday; stock rises 1.1 per cent ahead of the tribunal's decision
Vedanta Chairman Agarwal calls for safeguard duty on aluminium imports
Vedanta Chairman Anil Agarwal urged the government to impose a safeguard duty on aluminium imports, citing the metal's strategic role and rising global trade tensions
 "Vedanta Chairman Agarwal calls for safeguard duty on aluminium imports")
Vedanta Q4 results: Consolidated net profit rises by 154% to ₹3,483 cr
The mining major's net sales jumped by 13.9 per cent to Rs 40,455 crore in the January-March quarter on a year-on-year basis (YoY)
 "Vedanta Q4 results: Consolidated net profit rises by 154% to ₹3,483 cr")
Newly demerged Vedanta cos could grow into $100 bn each: Agarwal
According to Vedanta's demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process
 "Newly demerged Vedanta cos could grow into $100 bn each: Agarwal")
Vedanta promoters to retain over 50% stake in all demerged entities
Vedanta Resources Chairman Anil Agarwal says promoters will retain over 50% stake in each demerged entity; debt reduction to $3 billion targeted by FY27 without stake dilution
Goldman Sachs Asset exits Sterlite Tech, sells 2.13% stake for Rs 84 crore
Goldman Sachs Asset Management through its affiliate Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 10.3 million shares, amounting to a 2.13 per cent stake in Sterlite Technologies
 "Goldman Sachs Asset exits Sterlite Tech, sells 2.13% stake for Rs 84 crore")
Vedanta declared preferred bidder for diamond block in Madhya Pradesh
It said it is the highest bidder with a final price offer of 1.10 per cent
 "Vedanta declared preferred bidder for diamond block in Madhya Pradesh")
Anil Agarwal's Vedanta seeks top talent for newly formed companies
Co has seen slew of high-level exits
Hindustan Zinc shares up 13% in two weeks, rally likely to continue
Company's cost-saving measures and debt reduction expected to boost company's margin
 "Hindustan Zinc shares up 13% in two weeks, rally likely to continue")
Vedanta aims to increase production across segments: Chairman Anil Agarwal
In the near future, Vedanta is aiming to double the production levels of its subsidiary Hindustan Zinc, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day
Vedanta Resources debt reduced by $4.7 bn in 2 years, says Anil Agarwal
Additionally, Vedanta remains committed to becoming a greener and more sustainable company by producing more and more of its major metals through renewable energy sources
 "Vedanta Resources debt reduced by $4.7 bn in 2 years, says Anil Agarwal")
After KCM revival, Vedanta seeks greener pastures in India, abroad
The conglomerate looks to start production from its Zambia mines by FY25 end, with plans to supply the Indian market
 "After KCM revival, Vedanta seeks greener pastures in India, abroad")
Vedanta Q1 FY25 results: Net profit rises 36.6% to Rs 3,606 crore
The company's other income was down 59.8 per cent to Rs 934 crore on a Y-o-Y basis
 "Vedanta Q1 FY25 results: Net profit rises 36.6% to Rs 3,606 crore")
