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Announces Q1 Results (Standalone & Consolidated), Results Press Release & Investors Presentation for the Quarter ended June 30, 2016

 Vedanta Ltd has announced the following results for the quarter ended June 30, 2016The Unaudited Standalone results for the Quarter ended June 30, 2016 The Company has posted a net loss of Rs. (1197.90) million for the quarter ended June 30, 2016 as compared to net profit of Rs. 6094.30 million for the quarter ended June 30, 2015. Total Income has decreased from Rs. 86207.70 million for the quarter ended June 30, 2015 to Rs. 71947.30 million for the quarter ended June 30, 2016....
29-07-2016
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Clarification sought from Vedanta Ltd

 The Exchange has sought clarification from Vedanta Ltd with respect to news article appearing in Indian Express on July 29, 2016 titled "Goa mines dept cancels Vedanta's ore import permit." The reply is awaited.
29-07-2016
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Vedanta is a great opportunity for Cairn shareholders: CEO

 Sudhir Mathur saysthe deal takes intoaccount the concerns of minority shareholders
26-07-2016
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No management changes in the merged entity: Anil Agarwal

 Interview with Founder & Chairman, Vedanta
26-07-2016
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Vedanta, Cairn gain on new merger plans even as uncertainty lingers

 Preferential share offer has been hiked to four for one against the earlier one for one
25-07-2016
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Successful merger to be credit positive for Vedanta: Moody's

 NEW DELHI: Moody's Investors Service today said Vedanta Ltd's revised terms for merging Cairn India with itself will have no immediate impact on Vedanta Resources Plc's rating and a successful execution of the merger will be credit positive. "While the revised terms entail a rise in debt/cash outflow of an estimated USD 447 million -- compared to USD 120 million under the original terms -- they will give Vedanta Ltd complete access to Cairn India's large cash holdings, as well as provide the flexibility to reduce debt, thereby lowering leverage and reducing subordination within the group," it said in a statement. Successful execution of the merger, to the extent that it leads to de-leveraging, will be credit positive, Moody's said. "Should the merger proceed as announced -- subject to approval, in a cashless all-stock transaction -- minority shareholders would receive one equity share and four 7.5 per cent preference shares in Vedanta Ltd for every share held in Cairn India. "Shareholders will have the option of redeeming the preference shares within 30 days, or holding until maturity for 18 months," it said. Following completion of the transaction, Vedanta Resources' shareholding in its subsidiary Vedanta Ltd will fall to 50.1 per cent from 62.9 per cent. "Although delayed from the initial announcement in June 2015, the revised terms are a step forward in the merger proceedings -- the merger will provide Vedanta Ltd better access to Cairn India's large cash balances of USD 3.5 billion, as previous access was only possible through the up-streaming of dividends," says...
25-07-2016

Vedanta's revised offer for Cairn seeks to hit sweet spot

 The rationale for the merger proposal was driven partly by Vedanta group's desire to simplify its holdings. Another is to get access to Cairn's cash
25-07-2016

Vedanta revises terms for merger with Cairn India

 Per the revised terms, Cairn India minority shareholders will receive one equity share and four redeemable preference shares with a face value of Rs10 in Vedanta
22-07-2016
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Update on merger of Cairn India Limited with Vedanta Limited

 Vedanta Ltd has informed BSE regarding "Update on merger of Cairn India Limited with Vedanta Limited".
22-07-2016
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Updates

 Vedanta Ltd has informed BSE regarding "Intimation regarding First Quarter ended June 30, 2016 Financial Results of Hindustan Zinc Limited and Cairn India Limited, a subsidiary of Vedanta Limited."
22-07-2016
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