Adani Ports and Special Economic Zone and a Vedanta group entity have submitted binding financial bids for Karaikal Port on September 30 at the close of the bidding deadline, according to people briefed on the matter...
Vedanta, Adani, JSW Infra, submit EOIs for Karaikal Port
Vedanta, Adani Ports and Special Economic Zone, JSW Infrastructure, Jindal Power and a consortium of RKG Fund and Sagacious Capital have submitted expressions of interest to participate in the upcoming auction of...
Vedanta acquires debt ridden Athena Chhattisgarh Power for Rs 565 cr
Mining major Vedanta said it would acquire debt-ridden Athena Chhattisgarh Power for Rs 564.67 crore in an all-cash transaction. The liquidation process for the company was initiated in March last year. According to...
Vedanta pledges 5.77% stake in Hindustan Zinc for Rs 8,000 crore term loan
Vedanta Ltd said it has pledged 5.77 per cent stake in Hindustan Zinc Ltd for a term loan of Rs 8,000 crore. The announcement comes days after the Cabinet Committee on Economic Affairs (CCEA) approved the...
Vedanta outbids JSPL for Athena
Anil Agarwal-promoted Vedanta has emerged as the highest bidder for bankrupt Athena Chhattisgarh Power Ltd, outbidding Naveen Jindal’s Jindal Steel & Power Ltd (JSPL) in an auction process that ran for 28...
Vedanta, Jindal Power among investors interested in buying Srei firms
Vedanta Ltd, Jindal Power and half-a-dozen asset reconstruction companies have submitted expressions of interest for participating in the corporate insolvency resolution of the non-bank lenders Srei Infrastructure...
Vedanta, Welspun among 29 bidders in fray for Mittal Corp
Anil Agarwal-promoted Vedanta, Welspun Corp, O P Jindal-led Jindal Stainless Ltd and Ares SSG Capital-backed Assets Care & Reconstruction Enterprises Ltd are among 29 applicants to have shown interest in acquiring...
We have no plans to merge Vedanta Limited with parent company: Anil Agarwal
There are no plans to merge Vedanta Limited with its London-based indebted parent Vedanta Resources, billionaire Anil Agarwal said on Wednesday, a day after his company scrapped its proposed restructuring plans that had...
Vedanta drops restructuring plan, board finds present structure ‘optimal’
Vedanta Limited said that it has dropped its restructuring plans which involved hiving off and listing three of its businesses after its board found the present structure to be “optimal”. The company had in November...
Vedanta calls media report on merger with UK parent speculative, misleading
Shares of Vedanta were trading marginally lower in Thursday’s trade after the metals & mining company denied reports of having discussions with prospective advisors on the idea of merging the parent company...
Vedanta demerger call by March-end: Anil Agarwal
Metals and mining group Vedanta Ltd will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end, its chairman Anil Agarwal said, as he looks to simplify and streamline...
Vedanta to create $10 bln fund to bid for BPCL stake, other assets
Mining firm Vedanta Resources Ltd plans to create a $10 billion fund to bid for assets including the Indian government’s stake in Bharat Petroleum Corp Ltd (BPCL), its chairman told Reuters on Thursday. The Indian...