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VEDANTA QIP
Vedanta cuts debt by $550 million, saves $90 million in interest costsVedanta has repaid a high-cost $900 million loan, reducing net debt by $550 million and saving $90 million annually in interest. The repaym...- Your ‘SIP sahi hai’ mantra translates to ‘QIP sahi hai’ for India Inc promotersIndian companies have raised a record Rs 97,000 crore this year through qualified institutional placements (QIPs), capitalizing on strong d...
- The liquidity game on Dalal Street: The rise of phoenixes?Liquidity has a powerful impact on businesses, reviving struggling companies like Reliance Power and Vedanta through strategic fundraising,...
- Vedanta shares gain 2% after long-term ratings upgrade from ICRAVedanta Share Price: Vedanta shares climbed 2% after ICRA upgraded the company’s long-term ratings. This upgrade was based on the anticipat...
- Vedanta gets long term ratings upgrade from ICRA following QIP, Hind Zinc OFSVedanta's long-term ratings were upgraded by ICRA following successful fund-raising efforts, including a $1 billion QIP and $400 million OF...
- QIP route sees heavy traffic of listed cos headed for raising fresh capitalListed companies are increasingly using qualified institutional placements (QIPs) to raise capital. In the first eight months of 2024, 55 c...
- Vedanta readies Rs 30,000-cr war chest to pursue further deleveraging, growthVedanta Ltd, led by Anil Agarwal, raised Rs 30,000 crore through various means, including a qualified institutional placement and an offer ...
- Vedanta readies Rs 30,000-crore war chest to pursue further deleveraging, growthVedanta Ltd prepared a Rs 30,000 crore war chest from various funding sources to accelerate debt reduction and pursue growth. This includes...
- Rs 8,000 cr Payout! Hind Zinc announces 2nd interim dividend of Rs 19/share. Check record dateVedanta will receive nearly Rs 5,100 crore from the dividend declared by Hindustan Zinc. Last week, Hindustan Zinc attracted attention as V...
- Vedanta gets clearance from 75% secured lenders for demergerApart from SBI and Canara Bank, lenders to the company include Union Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Bank of Baroda, Ba...
- Vedanta to consider dividend payout in July 26 meet, fixes August 3 as record dateThe company is yet to finalize the amount of its upcoming interim dividend for the financial year 2024-25, pending approval. This will be i...
- Goldman, Morgan Stanley among top investors in USD 1 bn Vedanta QIPVedanta Limited raised Rs 8,500 crore through a QIP, issuing 19.31 crore shares at Rs 440 each, closed on July 19 with a 4.61% discount. Ma...
- Vedanta raises Rs 8,500 crore by selling 19 cr shares at Rs 440 apiece via QIPThe QIP witnessed significant interest from foreign institutional investors (FIIs), mutual funds, insurance companies and other investors, ...
- Vedanta's QIP receives bids for Rs 23,000 cr against offer of Rs 8,000 crThe mining major has various projects under execution having high potential for increasing volume, business integration, and enhancing the ...
- Vedanta to use Rs 8,500 crore QIP to repay Union Bank of India, Oaktree and Deutsche BankThe funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable bett...
- Vedanta upsizes QIP to $1 billion on back of strong demandIn an exchange filing on Monday, the metals-to-oils conglomerate announced that its fundraising committee had approved the QIP's launch at ...
- Vedanta launches QIP to raise up to Rs 8,000 croreThe company also added that it may offer a discount of not more than 5% on the floor price for the issue. The QIP aims to raise $600 millio...
- Vedanta announces launch of QIP, sets floor price at Rs 461.2 apieceEarlier in May, the company announced plans to raise up to Rs 8,500 crore to reduce its debt, with shareholder approval secured last month....
- Bidders for govt's stake in CPSEs to submit beneficial ownership details for security clearanceAccording to the proforma, any interest of more than 10 per cent in the bidding entity would require disclosures of parentage and beneficia...
- CBI chief meets Arun Shourie in Hind Zinc selloff caseSources said Shourie told Sinha that he didn't have knowledge of the alleged undervaluation.
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