Vedanta Ltd on Tuesday said it has extended the deadline for its proposed demerger to June 30, as approvals from certain government authorities remain pending and are still being processed. “Since certain...
Vedanta tells Supreme Court its revised Jaypee bid tops Adani offer
Mining billionaire Anil Agarwal’s Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group’s offer. In its...
Vedanta moves Supreme Court seeking stay on Adani’s JAL resolution plan
Anil Agarwal-owned Vedanta has moved the Supreme Court, seeking stay on the Adani Group’s ₹14,500-crore debt resolution plan for now insolvent Jaiprakash Associates (JAL). Challenging the rejection of its revised...
NCLAT declines Vedanta’s plea to stay Adani Group’s bid to acquire JAL
The National Company Law Appellate Tribunal (NCLAT) on Tuesday declined to grant an interim stay on Vedanta Group’s plea challenging the National Company Law Tribunal (NCLT)’s decision to approve Adani...
NCLAT adjourns hearing on Vedanta petition to Tuesday, asks to implead Adani as party
The insolvency appellate tribunal NCLAT on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash...
Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group’s bid for acquiring Jaiprakash Associates Ltd for Rs...
California’s Controlled Thermal Resources to go public in $4.7 billion SPAC deal
California lithium and power developer Controlled Thermal Resources will go public on the Nasdaq through a $4.7 billion merger with blank-check firm Plum Acquisition Corp IV, the companies said on Monday. The listing...
Rio Tinto takes majority control of Canada’s Nemaska Lithium
Rio Tinto, said on Wednesday it has gained majority control of Canada’s Nemaska Lithium, advancing its push to build an integrated lithium business in Quebec. The Anglo-Australian miner now holds a 53.9% stake in...
Vedanta moves NCLT against lender’s nod to Adani’s plan for Jaiprakash Associates
Billionaire Anil Agarwal-led Vedanta Ltd on Thursday urged the National Company Law Tribunal (NCLT) to review a decision by lenders to approve Adani Enterprises Ltd’s over ₹15,000 crore resolution plan for bankrupt...
Gravita India to acquire Rashtriya Metal Industries for Rs 800 crore, marking entry into copper alloys
Gravita India Ltd, a leading global recycling company and one of the world’s largest players in lead recycling, has entered into a binding arrangement to acquire Rashtriya Metal Industries Limited (RMIL), India’s oldest...
Angola seeks 20%-30% stake in De Beers: Report
Angola is pursuing a 20%-30% stake in Anglo American’s diamond unit De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angola’s mining ministry told...
Glencore in talks to sell 40% stake in DRC mines to US-backed consortium
Glencore is in talks to sell a 40% stake in its copper and cobalt operations in the Democratic Republic of Congo to a U.S.-backed consortium in a deal valuing the assets at about $9 billion, including debt, it said on...
