Page 2 - Latest Updates on Anil Agarwal
Vedanta going ahead with demerger of businesses, says Anil Agarwal
Each demerged entity, he said, will plan its own course but follow Vedanta's core values, its enterprising spirit and global leadership
 "Vedanta going ahead with demerger of businesses, says Anil Agarwal")
Vedanta group chairman Agarwal, Odisha CM discuss areas of collaboration
During the meeting, Agarwal reiterated the group's commitment to the progress of the state
 "Vedanta group chairman Agarwal, Odisha CM discuss areas of collaboration")
Court approves billionaire Anil Agarwal's plan to reclaim Zambia mine
To get access to the mine again, Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers
Vedanta mulls first dollar bond sale of $500 mn in debut overseas issuance
The company is also exploring other avenues of fundraising, including equity sales and local currency loans from domestic banks, the people said
 "Vedanta mulls first dollar bond sale of $500 mn in debut overseas issuance")
Vedanta target price raised 15%; M&M stock surges 91% in 5 months
The Anil Agarwal group co value has risen by over 70 per cent this year. Analysts say operational efficiencies, cost reduction, improved operating profit, and proposed demerger have underpinned gains
Anil Agarwal's Vedanta considering $1 bn share sale in coming weeks
Shares of Vedanta have gained 78% this year, giving the company a market value of about $20.6 billion
 "Anil Agarwal's Vedanta considering $1 bn share sale in coming weeks")
Anil Agarwal-led Vedanta's board approves fundraise of up to Rs 8,500 cr
This is the second time that the company is raising funds in the current fiscal year. Last month, it said it would raise up to $300 million through debt securities
 "Anil Agarwal-led Vedanta's board approves fundraise of up to Rs 8,500 cr")
Anil Agarwal's Hindustan Zinc to pay $506 mn dividend to ease debt burden
Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value
 "Anil Agarwal's Hindustan Zinc to pay $506 mn dividend to ease debt burden")
Vedanta Group planning to invest $20 bn in India in 4 years: Anil Agarwal
The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here
FY25 will be a transformative year for Vedanta on many fronts: Anil Agarwal
"These include further deleveraging (parent) Vedanta Resources by $3 billion in the next 3 years and achieving an annual group EBITDA of $7.5 billion within 2 years," he said
Ex-BofA veteran overseeing Vedanta Group's restructuring steps down
Davis, who was named as president for strategy at Vedanta Resources Ltd. last year, was working closely with the group's lenders and shareholders
Vedanta gains 14% in five sessions. Here are four factors fuelling rally
Commodity major's stock has hit its highest level since February 2023
Govt rejects Hindustan Zinc's plans to split company into different units
Vedanta has a 64.9% stake in Hindustan Zinc
 "Govt rejects Hindustan Zinc's plans to split company into different units")
Cairn gave up right to claim interest: Vedanta to appeal against Sebi order
"Vedanta Ltd will appeal the Sebi order before the appropriate forum," the firm said in a statement
SC suggests expert panel to explore restart of Vedanta's Sterlite Copper
Committee to have experts from the field of environment
 "SC suggests expert panel to explore restart of Vedanta's Sterlite Copper")
Vedanta's demerger process to be completed in next 9-12 months: Official
In an interview to PTI, John Slaven, CEO of aluminium business of Vedanta, said, "We are working very actively in securing the successful demerger of the aluminium business."
 "Vedanta's demerger process to be completed in next 9-12 months: Official")
Vedanta chairman Anil Agarwal outlines $4 bn plan to double oil production
The company is pushing ahead with the investment undeterred by concerns around debt levels at parent Vedanta Resources
Vedanta Q3FY24 results: Net profit falls over 18% to Rs 2,013 crore
Vedanta Q3 results: The revenue of the company was up 4 per cent to Rs 34,968 crore during the quarter
Majority bondholders have consented to restructuring: Vedanta Resources
The company said 97.78 per cent, 98.69 per cent, 99.6 per cent, and 99.12 per cent of the four series of bonds respectively have consented in favour of the company's proposed restructuring
 "Majority bondholders have consented to restructuring: Vedanta Resources")
Vedanta Resources faces investor reckoning over $3.2 billion of bonds
Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4
 "Vedanta Resources faces investor reckoning over $3.2 billion of bonds")
