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VEDANTA SAUDI PLAN
Vedanta readies new gold, copper play in major bet on Saudi Arabia's massive transformation planVedanta Ltd has created a metals value chain “in India so we know what has to be done and how it has to be done,” said Puneet Khurana, chie...- Vedanta extends deadline for demerger to March next yearVedanta Ltd has extended the deadline for its planned demerger to March 31, 2026, citing pending approvals from the National Company Law Tr...
- Anil Agarwal unveils '3D' strategy to double Vedanta size via demerger, diversification, deleveragingAnil Agarwal of Vedanta Group unveiled a plan to double the company's size through a '3D' strategy involving demerger, diversification, and...
- Vedanta to use Rs 5,000 cr NCD funds to cut high-cost debt, save Rs 350 crore in interestVedanta Ltd plans to save ₹350 crore in interest by using ₹5,000 crore raised through unsecured NCDs to retire high-cost debt. The NCD issu...
- 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 to invest $2 bn in Saudi copper projectsSaudi Arabia secured $9.32 billion in metal and mining investments from companies like Vedanta and Zijin Group. Vedanta will build copper f...
- Vedanta going ahead with demerger of businesses: Chairman Anil AgarwalVedanta Chairman Anil Agarwal announced at the 59th Annual General Meeting that the company is moving forward with the demerger plan to cre...
- UAE giant eyes majority stake in Vedanta's Zambian mines in expansion driveVedanta wants to sell part of its 80% stake in KCM and has hired Standard Chartered to manage the process in an effort to raise capital to ...
- Stocks in news: Tata Motors, M&M, NLC India, UPL, VedantaJapan's Sumitomo Wiring Systems, a promoter in Samvardhana Motherson International, sold partial stake in the company through bulk deals on...
- Vedanta's arm sets up new unit in Saudi Arabia for copper businessVedanta had earlier announced plans to demerge five of its key businesses, including aluminium, oil and gas, and steel, into separate liste...
- Vedanta taps Gulf funds, explores 10% stake sale in India unitAccording to multiple sources aware of the development, Vedanta Resources has reached out to sovereign wealth funds (SWFs) and and alternat...
- Govt weighs selling part of BPCL instead of full stakeNew Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, the two gover...
- Anil Agarwal to set up $10 billion fund to hunt for govt assetsMetals and mining magnate Anil Agarwal's group has expressed interest to acquire government stake in Bharat Petroleum Corporation Ltd (BPCL...
- Vedanta to create $10 bln fund to bid for BPCL stake, other assetsLondon-headquartered Vedanta Resources, founded by Agarwal in 2003, has grown its annual revenues from $1 million to over $15 billion in th...
- Vedanta plans investments in Saudi Arabia's mineral sector“The company is in discussions to identify investment opportunities in Saudi Arabia, which will transform itself into a mineral hub in the ...
- Vedanta bids for BPCL; major foreign player too in raceA special purpose vehicle floated by the BSE-listed Vedanta Ltd and its London-based parent Vedanta Resources submitted an EoI before the c...
- BPCL spikes 11% on reports of oil majors showing interest in stake saleThe Government of India had recently extended the date for bids for BPCL stake to July 31.
- Sensex drops 100 pts, Nifty slips below 11,000; MMTC, STC tank up to 14%Every two of three Sensex stocks were trading in the red in early trade.
- PM Narendra Modi to brainstorm oil scenario with global CEOsThe third annual meeting would also deliberate on ways to revive investment in oil and gas exploration and production, official sources sai...
- Alcoa in talks with Indian companies to sell surplus aluminaAlcoa entered India in 2001 when it teamed up with Hindalco to bid for Balco, which was eventually acquired by Sterlite Industries.
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