Page 22 - Vedanta

Stocks to Watch today: Vedanta, JSW Infra, UTI AMC, Autos, MGL, Adani Green

Stocks to Watch on Tuesday, October 3, 2023: JSW Infrastructure will debut on the bourses on October 3, 2023

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's dollar bonds decline after plan to split up biz to tackle debt

All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents

Anil Agarwal's Vedanta to split biz into 6 companies to unlock value

For every share of the company, stockholders to get one additional share of each of 5 new entities

Vedanta hopeful of Centre's support for Hindustan Zinc Ltd overhaul

Company executives from both HZL and Vedanta said they expect government support for the move and it will help the government ease in with its earlier considered divestment programme

S&P Global Ratings downgrades Vedanta Resources, puts it on credit watch

Vedanta to spin off, list six businesses to fuel growth

Vedanta to spin off, list six businesses to attract big-ticket investment

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited

Vedanta raises funds at higher rates amid company rejig, say bankers

The company will offer a coupon of 12%, payable on a quarterly basis to investors of the issue, which is unrated, bankers said, adding that the coupon on an annualised basis works out to be around 13%

Hindustan Zinc plans to create separate entities for its commodities

Hindustan Zinc Ltd said in a statement that it would create different legal entities for its zinc & lead, silver, and recycling businesses

Anil Agarwal's Vedanta Resources readies ground for spinoff to tackle debt

As recently as last month, Anil Agarwal in a message to shareholders indicated plans to explore the creation of independent entities for some or all of Vedanta's businesses

IT shares, RIL, F&O expiry send Sensex 610 pts down, Nifty near 19,500

Closing Bell on September 28, 2023: Tech M, which sank 4 per cent, was the top laggard on the benchmarks after Morgan Stanley downgraded the stock to 'underweight'

Vedanta tanks 6% as Moody's downgrades corporate family rating to Caa2

The downgrade reflects the elevated risk of debt restructuring over the next few months because VRL has not made any meaningful progress on refinancing its upcoming debt maturities, Moody's said

Stocks to Watch today, Sep 27: Infy, HealthCare Global, Suzlon, Century Tex

Stocks to watch on Wednesday, September 27, 2023: Shares of SignatureGlobal (India) and Sai Silk (Kalamandir) to debut on the bourses today.

Stocks to Watch on Sept 22: JSW Steel, Glenmark Life, Samhi, Zaggle, TaMo

Stocks to Watch today, September 22, 2023: Glenmark Pharmaceuticals Board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma for Rs 5,651 crore

Vedanta board approve raising Rs 2,500 crore in non-convertible debentures

These would be raised in the form of secured, unrated, unlisted, redeemable NCDs in one or more tranches, the company said

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.

Vedanta Resources in talks with PE funds for $1 billion debt repayment

The mining conglomerate is simultaneously in discussions with bondholders to modify repayment timelines on a portion of the $3.2 billion bonds

Stocks to Watch on Sept 18: L&T, Voda Idea, Vedanta, BEL, Dhanlaxmi Bank,

Stocks to Watch today, September 18, 2023: L&T's Rs 10,000-crore buyback will open on Monday, September 18, at Rs 3,200 per share

Vedanta hires former Gold Fields CEO Griffith to run copper, zinc mines

Griffith stepped down as chief executive of Gold Fields in December, after a short stint at the Johannesburg-based gold producer, following an unsuccessful bid to buy Canadian Yamana Gold

Stocks to Watch today, Sep 13: Infosys, Vedanta, BoB, Paytm, KEC, SpiceJet

Stocks to watch on Wednesday, September 13, 2023: Steel stocks too may see some action India and the US plan to enable exports of at least 336,000 tonnes of certain steel and aluminium products withou