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VEDANTA BUSINESS OVERHAUL
Vedanta's ambitious demerger plan faces rocky road ahead as government raises objectionVedanta's demerger plan faces a big hurdle as the Central government raises serious objections, citing concerns about potential concealment...- Anil Agarwal’s $11 billion reset: Vedanta gears up for big breakupIndian billionaire Anil Agarwal is finalizing a breakup of Vedanta Ltd. to reduce its $11 billion debt and sharpen focus on individual busi...
- Vedanta demerger: Newly demerged cos have potential to grow into $100 bn each: Anil AgarwalVedanta Ltd Chairman Anil Agarwal reaffirmed the company's commitment to unlocking value through demerger. The plan will create four indepe...
- Vedanta creditors meet on Tuesday to vote on India demerger planVedanta Ltd.'s creditors are set to vote on a plan to split the company into at least five businesses in a move aimed at simplifying its st...
- Vedanta mulls 1st dollar bond sale of $500 millionThe bond sale could climb to $1 billion depending on the response from investors, according to one of the people. The company is also explo...
- Hindustan Zinc may put off demergerIn a letter to the mines ministry this month, HZL said it wouldn't push ahead with any demerger proposal that the government disapproves of...
- S&P Global Ratings downgrades Vedanta Resources amid bond maturity extensionVedanta Resources late Wednesday said it raised $1.25 billion from financial institutions for refinancing, including a new credit facility....
- Govt writes to Hindustan Zinc, says company needs its nod for creating separate biz entitiesHZL's board in a September 29 meeting asked the company to explore a corporate restructuring to create three separate legal entities for zi...
- Vedanta is working with JPMorgan to advise on business overhaulVedanta Group is reportedly collaborating with JPMorgan Chase & Co. to assist with a restructuring plan unveiled in September. The move ind...
- Spotlight still on Vedanta $3 billion debt despite spinoff planA streamlined structure could also help Agarwal sell unprofitable or low-growth assets — something the billionaire has long avoided.
- Vedanta dollar bonds slip after plan to split up India businessAll four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, dow...
- B2B procurement marketplace ProcMart raises $10 million in Series A funding roundThe latest round of funding will be deployed towards international expansion, strengthening vendor partnerships and upgrading technological...
- Vedanta falls 3% after mining giant says mulling overhaul of corporate structureThe corporate structure being considered by Vedanta is diametrically opposite of what was being pursued in the last couple of years.
- Stocks in the news: RCom, YES Bank, SBI, NBCC, United Breweries, L&T and Sun PharmaKotak Institutional Equities has a buy rating on GAIL (India) with a fair value of Rs 175.
- Fifteen stocks in focus on Wednesday, 12 April 2017Vedanta on Tuesday said that its merger with subsidiary energy firm Cairn India has become effective.
- Government should avoid retrospective taxation, remove policy uncertainties, says Vedanta Chairman Anil Agarwal"The govt should avoid retrospective taxation and dismantle thickets of regulations, if it wants to raise growth rates, says Agarwal.
- Cairn's Indian investors to lose Rs 3,570 crPublic shareholders of Cairn India will lose out on a whopping Rs 3,570 crore to the promoters who would be the only beneficiary of a non-c...
- Non-compete fees: Cairn India's public investors to lose Rs 3,570 crThe non-compete fees, which market regulator SEBI had already proposed to abolish, are a common phenomena in takeover deals.
- Sterlite: Foray into ports likely to bring strategic valueSterlite has announced foray in port biz through JV with Leighton Contractors. The joint venture has already bagged some projects from Viza...
- Sterlite: Foray into ports likely to bring strategic valueSterlite has announced foray in port biz through JV with Leighton Contractors. The joint venture has already bagged some projects from Viza...
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