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...
Vedanta is willing to spend as much as $12 bn to acquire BPCL
Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s among the nation’s biggest and which has faced delays in completion. “We’re not going to...
Vedanta’s Twin Star to appeal against NCLAT order on restarting the Videocon Industries resolution plan
Vedanta’s holding company Twin Star Technologies, the winning bidder of the Videocon Industries and its 12 units, are preparing to appeal against the appellate tribunal’s order to restart the resolution process of...
Vedanta promoters buy 138.6 mn shares in Vedanta Ltd at Rs 349.7 per share
Promoters of Anil Agarwal-led Vedanta Limited, Twin Star Holdings Limited and Vedanta Netherlands Investments BV, today bought 138.6 million shares of the company at Rs 349.7 a share, according to bulk deals data of...
Spinoff of key businesses not to impact credit quality of Vedanta Resources: Moody’s
Mumbai-listed Vedanta Ltd’s proposal to spin off key businesses into separate listed companies is unlikely to affect the credit quality of the firm’s parent Vedanta Resources Ltd, Moody’s Investors...
Vedanta mulls demerger of some businesses with separate listing & leadership
Billionaire Anil Agarwal-led Vedanta Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it...
Vedanta to divest copper mine in Australia
Vedanta Ltd on Wednesday said its arm Monte Cello BV (MCBV) has entered into a term-sheet agreement to divest Mt Lyell Copper Mine in Australia. MCBV is the 100 per cent owner of the Mt Lyell Copper Mine, a small copper...
Hindustan Copper rejects reports of Vedanta eyeing govt stake in company
State-owned Hindustan Copper Ltd clarified on the divestment buzz that Vedanta is looking to buy government’s stake in the company, saying the reports appear factually incorrect. “We are not aware of any...
Vedanta plans to invest $20 billion; eyes selloff of BPCL among others
Vedanta group chairman Anil Agarwal has said his companies are looking to invest around $20 billion in India, possibly during the privatisation of BPCL, Shipping Corporation and Hindustan Copper. “We are...
Zambia court halts liquidation proceedings over Vedanta Resources mines
A Zambian court has stayed hearing by a state-appointed provisional liquidator for splitting up Vedanta Resources’ Konkola Copper Mines (KCM) unit and selling the assets. The stay on KCM liquidation proceedings...
Vedanta arm is paying almost nothing for Videocon group, says NCLT
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies — a promoter entity of the Vedanta Resources group — for the Videocon group. But it has pointed out that...
Anil Agarwal pledges stake to sweeten deal for Vedanta Ltd
Anil Agarwal, billionaire founder of the Vedanta Group, has pledged his stake in a cash-rich Indian unit to help sweeten terms for a takeover attempt that’s key to his debt-repayment plans. London-based Vedanta...