Page 5 - Anil Agarwal

Anil Agarwal's Vedanta in talks with banks to raise at least $500 million

The group has been depending on money from its units to tackle its debt load, especially after it failed to sell some zinc assets to Hindustan Zinc Ltd for $3 billion

Companies should take care of their employees: Vedanta Chairman on layoffs

Vedanta Chairman Anil Agarwal shared his views on LinkedIn, saying the companies should take care of their employees as they will only take care of their business

'Very, very comfortable': Anil Agrawal on Vedanta being over-leveraged

Elaborating on the debt repayment plans, he said that Vedanta Resources Limited would repay its obligations through a combination of dividend and royalties

Stay away from expensive M&As: Lenders to Anil Agarwal's Vedanta

Group cannot take recourse to VRL, Vedanta's books to bid for BPCL

Anil Agarwal's $19-bn chipmaking plant dream at risk as hurdles mount

Winning government funding is key to fulfilling Agarwal's chip dream, given his broader empire is facing intensifying financial strain

Jaipur to get India's 2nd largest cricket stadium named after Anil Agarwal

Vedanta's HZL signed an MoU with the Rajasthan Cricket Association for the development of the world's third-largest cricket stadium in the village of Chonp in Jaipur

Hindustan Zinc dividend record date today; company's shares in the red

Hindustan Zinc dividend: In FY23 so far, the company has announced a dividend worth Rs 75.5 per share, and out of this, Rs 49.5 per share have already been received by the shareholders

Vedanta dividend: Decision on fifth payout today; check all details here

Vedanta dividend 2023: The company has already given four interim dividends totalling Rs 81 so far in the current financial year

Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt

Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani

Vedanta denies talks of stake sale, calls them 'untrue', 'baseless'

Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as "untrue and baseless." This comes in the wake of news report which said that mining mogul Anil Agarwal is contemplating a stake sale in Vedanta as a last-resort option and is examining the possibility of selling less than 5 per cent of the company. According to company's spokesperson, "Any talk of stake sale in Vedanta Ltd is untrue and baseless." The media report said that stake sale in Vedanta is a last resort for Agarwal and will only be considered if other fundraising options fail. Vedanta Resources which is a majority shareholder of Vedanta Ltd has been looking to reduce its debt through the sale of its zinc assets for a cash consideration of USD 2,981 million to Hindustan Zinc Ltd (HZL). However, the government which holds 29.54 per cent stake in Hindustan Zinc has sternly opposed this move. Vedanta holds 64.92 per cent of the equity share capital of HZL. Vedanta Resources had earlier said t

Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday

HZL to pay Rs 10,990-crore interim dividend at 1,300% of face value

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share, according to an exchange filing Tuesday

Gautam Adani isn't the only Indian tycoon in trouble. Look at Vedanta

With Adani scandal putting Modi govt under heightened scrutiny about entanglement of public purpose with private profit, Vedanta's top priority should be to stay out of the headlines

Billionaire Anil Agarwal struggles to get backers for $19 billion chip unit

Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development

Considering options on Electrosteel: Vedanta Resources' Anil Agarwal

"But it has to have world-class capacity, and cannot be a small plant. We have a capacity of about 3 million tonnes (mt)... we are contemplating. We have to take it to 15-20 mt"

Vedanta Group notifies third interim dividend of Rs 17.50 per share

Vedanta Group approved the third interim dividend of Rs 17.50 per share or 1750 per cent for the financial year 2022-23, on Tuesday November 2022

Anil Agarwal-led Vedanta group gets shareholder nod to rejig capital

The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

Anil Agarwal faces key vote for plan to tap Vedanta cash reserves

Shareholders of Indian unit Vedanta Ltd. will on a company plan to move money out of its reserves and into its balance sheet, increasing the probability that the funds will be used for dividends

Gujarat chosen for Rs 1.5-trn project based on professional advice: Vedanta

As a political storm brewed over his group shifting a multi-billion dollar semiconductor factory from Maharashtra to Gujarat, mining baron Anil Agarwal said the site was chosen based on professional and independent advice. Seeking to soothe flared political nerves, he said his mining group Vedanta is committed to investing in Maharashtra as well. Originally, Vedanta and its partner Foxconn were looking at Maharashtra for setting up the chip factory but on September 13 signed a memorandum of understanding (MoU) with the Gujarat government for investing Rs 1.52 lakh crore in the unit. "Vedanta-Foxconn has been professionally assessing the site for a multi-billion dollar investment. This is a scientific and financial process which takes several years. We started this about two years ago," Agarwal said in a series of tweets. A third party was engaged to assist in selecting the site for the project. "Our team of internal & external professional agencies shortlisted few states viz., ...

Fully committed to investing in Maharashtra: Vedanta Chairman Anil Agarwal

Agarwal said that Gujarat met expectations and the decision was made a few months ago