Page 4 - Vedanta Ltd

Vedanta board approves raising of Rs 3,400 cr NCD for refinancing purposes

These would be secured, Unrated, Unlisted, Redeemable, NCDs of face value Rs 1,00,000/- each aggregating upto Rs 3,400 crore in one or more tranches, the company said

Vedanta Ltd to raise up to Rs 3,400 crore via non-convertible debentures

On Monday, Vedanta Ltd had announced its second interim dividend of Rs 11 per share for 2023-24

Stocks to Watch: Nestle, Zee Ent, Apollo Tyres, Sun Pharma, JTL Ind, NHPC

Stocks to Watch on December 19, 2023: Nestle set Jan 5 as the record date for its stock-split; Sony India is unlikely to extend the timeline for its merger with Zee Entertainment, reported Livemint

Vedanta Resources secures debt refinancing worth $1.25 billion: Report

Earlier on Thursday, S&P Global Ratings downgraded Vedanta Resources Ltd's long-term issuer rating and bonds from "CCC" to "CC" on potential extension of bond maturities

Tata Group and Vedanta offer lessons in India's industrial policy

Tata, at least, has already made the right start. By its own account, Tata Electronics is a "venture of the Tata group with expertise in manufacturing precision components."

Vedanta CFO Sonal Shrivastava likely to quit months after joining firm

Sonal Shrivastava, who joined the company in June, informed Agarwal about her decision to leave last month, the people said, asking not to be named as the information is not public

Vedanta starts demerger process with incorporation of base metal subsidiary

Vedanta Base Metals Ltd has been incorporated to carry out the metal business

Vedanta close to raising $3 bn from JP Morgan, Standard Chartered: Report

The money will be used to escape default on Vedanta's upcoming payments

Asset divestment needed to resolve Vedanta's debt crisis: Analysts

VRL has debt repayments of $ 3.6 billion due in FY25, including $ 2.2 billion in bonds, and poses a significant funding gap of $ 3.1 billion

Vedanta Ltd preparing to demerge sprawling operation, says report

Vedanta Ltd.'s parent, Vedanta Resources, will remain the holding company, the people said. Deliberations are ongoing and no final decisions on the structure or timing of the de-merger have been made

Vedanta board approves raising Rs 2,500 cr via NCDs on pvt placement basis

Vedanta Ltd board on Thursday approved rasing of Rs 2,500 crore through issuance of non-convertible debentures on private placement basis. A decision in this regard was taken at the meeting of Committee of Directors of the company, Vedanta Ltd said in a regulatory filing. "The Committee of Directors on Thursday, considered and approved for raising, on a private placement basis, up to 2,50,000 secured, unrated, unlisted, redeemable, non convertible debentures of face value Rs 1,00,000 each aggregating upto Rs 2,500 crore in one or more tranche(s)," the filing said. A subsidiary of Vedanta Resources Ltd, Vedanta Ltd has operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa and Namibia.

Promoter to sell 4.3% stake in Vedanta to raise $500 mn for debt repayment

The shares will be sold at 5 per cent discount to the closing price of Vedanta at Rs 272 a share

Vedanta may successfully handle its debt in the next 12 months: Report

CreditSights report states that the current methods of refinancing and other potential strategies may help the mining tycoon "successfully" service its debt maturities

Vedanta's record dividend to parent strains company's balance sheet

The company paid a record equity dividend of Rs 37,758 crore (approx. $4.4 billion) in FY23

Vedanta board to meet next week to consider fifth interim dividend for FY23

Anil Agarwal-led Vedanta Ltd on Thursday said its board will next week consider and approve the fifth interim dividend for FY'23. The announcement comes days after Vedanta Resources which is a majority shareholder of Vedanta Ltd stating that it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position. "The meeting of the board of directors of the company (the board) is proposed to be scheduled on Tuesday, March 28, 2023, to consider and approve the Fifth Interim Dividend on equity shares, if any, for the Financial Year 2022-23," the company said in a regulatory filing. In a statement, Vedanta Resources had said it is in the advanced stage of finalisation to tie-up USD 1.75 billion through a combination of syndicate loan and bilateral bank facilities. Vedanta Resources had said it had pre-paid all of its debt that was due for repayment till March 2023, deleveraging by USD 2 billion in the past

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

ESL Steel capacity expansion by next year: Vedanta's Sunil Duggal

Mining giant says priority is to finish doubling capacity of company it acquired in June 2018

Vedanta stock slips over dip in commodity prices despite in-line Q2 show

Soft prices of commodities including metals is weighing on investor sentiment

Moody's lowers Vedanta Resources rating to 'B3' implying high credit risk

Persistently weak liquidity, high refinancing needs triggers rating action

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