Vedanta Resources subsidiary raises $300 million via tap issue

The fund-raise happened within the initial price guidance of 10.07%. The funds will be used to partially refinance $606 million of its outstanding 13.875% notes due in 2028, people aware of the development said.
22-10-2024
Bigul

Vedanta announces to invest over Rs 1 trn in Rajasthan across verticals

Vedanta on Saturday said it will pump in over Rs 1 lakh crore in Rajasthan across different business verticals, including, zinc and oil and gas. While Hindustan Zinc, a Vedanta group firm, will invest Rs 30,000 crore to double zinc capacity from 1.2 million tonnes per annum (MTPA) to 2 MTPA, silver from 800 tonne to 2,000 tonne, and set up a one MTPA fertiliser plant, Cairn Oil & Gas, a subsidiary of Vedanta Ltd, will invest Rs 35,000 crore to augment capacity to 3 lakh barrels per day, the company said. Vedanta Group entity Serentica Renewables will invest Rs 50,000 crore to develop 10,000 MW renewable power capacity to support the investments, help energy transition and ensure highest environmental standards and green manufacturing, the company said in a statement. Vedanta also announced setting up of an industrial park around the Udaipur area on a non-profit basis, for small and medium scale industries from Rs 5 crore onwards. Vedanta participated in the Rising Rajasthan...
19-10-2024
Bigul

Vedanta to invest Rs 1 trillion across various projects in Odisha

The firm added that this would create a massive industrial complex for downstream industries, as aluminium has hundreds of applications in sectors such as automotive, power, construction, and railways
18-10-2024
Bigul

CBI chargesheets Karti Chidambaram, others in Chinese visa corruption case

The CBI has filed a charge sheet against Congress MP Karti Chidambaram and others in connection with alleged bribery in facilitating visas of Chinese nationals for a power company in 2011 when his father P Chidambaram was the Union home minister, officials said on Thursday. In its charge sheet submitted before a special court here, the CBI has named Karti Chidambaram, the Lok Sabha MP from Sivaganga, his alleged close associate S Bhaskararaman, company Talawandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta and Mumbai-based Bell Tools, through which bribes were allegedly routed, they said. The agency has invoked charges of criminal conspiracy, cheating, and forgery under the Indian Penal Code and provisions of the Prevention of Corruption Act, they said. Other charge-sheeted accused include Viral Mehta, Anup Agarwal, Mansoor Siddiqui and Chetan Shrivastava, they said. The CBI has filed the charge sheet after two years of probe into its FIR registered in 2022 where it had alleged t
17-10-2024

Vedanta Resources Signs Facility Agreement Worth $125 Million

Standard Chartered Bank Singapore Ltd. is the arranger, agent, and lender for the agreement, which aims to support Vedanta Resources' funding requirements.
15-10-2024
Bigul

Vedanta Limited - 500295 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Standard Chartered Bank (Singapore) Ltd
15-10-2024
Bigul

Vedanta Limited - 500295 - Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.

The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on October 14, 2024 for Twin Star Holdings Ltd, Welter Trading Ltd, Vedanta Holdings Mauritius Ltd, Vedanta Holdings Mauritius II Ltd & Vedanta Netherlands Investments BV
15-10-2024
Next Page
Close

Let's Open Free Demat Account