[ad_1] Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd., have been upgraded by brokerage firm Investec after the recent correction seen in the stock price, in-line with the fall in other metal stocks. Investec has upgraded Vedanta to “buy” from its earlier rating of “hold”. However, the brokerage has left its price target unchanged at […]
Trees under a banyan tree find it difficult to grow: Vedanta’s Agarwal reaffirms demerger benes – CNBC TV18
[ad_1] Vedanta Chairman Anil Agarwal has reaffirmed the strategic importance of the company’s demerger, stating that it will create four independent natural resource-focused entities, each with the potential to grow into a Vedanta-scale company in its own right. “I have always found that trees that grow under the shade of a giant banyan tree often […]
Vedanta shares up nearly 15% this week, best in six months; check its highest price target – CNBC TV18
[ad_1] Shares of Anil Agarwal-owned metals and mining conglomerate Vedanta Ltd. are the top gainers on the Nifty Metal index this week. While the Metal index itself has gained 9% so far this week, shares of Vedanta are up nearly 15%. This is the best week for the stock since September last year. Vedanta, currently […]
Vedanta a re-rating candidate post demerger? Here is a scenario analysis – CNBC TV18
[ad_1] There is a special situation playing out in Vedanta Ltd. and it could possibly be a case for rerating. Here are some scenarios playing out for the metal conglomerate post the demerger approval. Earlier this week, Vedanta’s shareholders & creditors approved the conglomerate’s demerger plan and the management expects the process to conclude by […]
Vedanta’s demerger plan gets shareholder and creditor approval, reports say – CNBC TV18
[ad_1] Vedanta’s proposed demerger has reportedly received approval from its shareholders, secured creditors, and unsecured creditors in meetings convened on Tuesday, February 18. The scheme of arrangement involves the separation of Vedanta Limited into independent entities—Vedanta Aluminium Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron and Steel Limited. Company Value Change […]
19.5 lakh small Vedanta shareholders need to block this date for an important demerger step – CNBC TV18
[ad_1] Vedanta Ltd. has informed the exchanges on Friday, January 17, that the meeting of its equity shareholders, secured and unsecured creditors, will be held on February 18, 2025, for the demerger process to proceed. Company Value Change %Change The meeting will either be held through video conferencing and other means. The date has been […]
Vedanta shares in focus ahead of board meet for fourth interim dividend – CNBC TV18
[ad_1] Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. will be in focus ahead of its board meet on Monday, December 16, to consider its fourth interim dividend for financial year 2025. Company Value Change %Change The company had made the announcement with regards to the board meet in an exchange filing on December 12. […]
Vedanta denies news of putting steel asset sale on hold, says will sell at the right price – CNBC TV18
[ad_1] A spokesperson of Vedanta Ltd. denied the Bloomberg report of the company putting the sale of its steel assets on hold, calling it “factually and completely incorrect.” The spokesperson further said that the company is on track to complete its proposed capacity expansion to 3.5 MTPA by the end of the year for the […]