Vedanta Group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying government's stake in Bharat Petroleum Corp Ltd (BPCL). The Sensex at the Bombay Stock Exchange gained 133.14 points, or 0.28 per cent, to close at 47,746.22. Vedanta's Anil Agarwal Partners With London-Based Centricus Asset Management To Invest $10 Billion In India by Swarajya Staff - Dec 18, 2020 05:07 AM Vedanta chairman Anil Agarwal. The bank is said to have offered funds in the range of 8.7-9.10%. Media/News Company. Vedanta emerged as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha at a distance of about 190 km from the company's Jharsuguda aluminium smelter NDTV Business Reflecting the Group's strong commitment to do business in the most sustainable way, Hindustan Zinc topped the sustainability rankings in the Asia Pacific region, while its overall DJSI ranking this year stood at #8. Vedanta Biosciences was founded by PureTech Health (LSE: PRTC, Nasdaq: PRTC) and a global team of scientific co-founders who pioneered Vedanta’s modern … Vedanta Resources to issue $400 million notes to Oaktree Capital business-standard.com - Bijou George | Bloomberg. Billionaire Anil Agarwal plans to take Indian commodities giant Vedanta Ltd. private as the tycoon continues to simplify his investments. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Vedanta Company News Article Vedanta share /stock news, Company news and announcements, Vedanta company latest article and updates, company results, business news on Moneycontrol. Vedanta (then called Sterlite industries) had humble beginnings in the 1980s, as the founder D.P.Agarwal founded Sterlite Industries (India) Limited in Mumbai and began to buy mining concessions in different states of India. Business Standard - 2020-09-15 - COMPANIES - SHINE JACOB. India Business News: London-based Vedanta Resources Ltd (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 per cent by buying from open market shares wo Your support through more subscriptions can help us practise the journalism to which we are committed. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. He was soon joined by his two sons, Navin Agarwal and Sunil Agarwal, both of who currently run the company. Track the industry of your choice with a daily newsletter specific to that industry. In 2018, Vedanta forayed into the steel business through the acquisition of ESL Steel Limited (then Electrosteel Steels). An increase in stake could make it a bit easier for the promoters to delist the company after the mandatory one year cooling off period gets over It was one of the 12 cases mandated ... Key stories on business-standard.com are available to premium subscribers only. Digital Editor. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. Anil Agarwal-controlled Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group to meet the liquidity needs. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. In 2018, Vedanta forayed into the steel business through the acquisition of ESL Steel Limited (then Electrosteel Steels). Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, England.It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. 9.50 am | 24 Dec 2020 | Business Standard. Vedanta had on Tuesday informed stock exchanges about its promoters raising USD 1 billion debt by issuing equivalent notes to Citicorp International Ltd and another USD 400 million in notes to an entity under Oaktree Capital Group. A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. Last Updated at December 13, 2020 14:33 IST. Business Standard reported that Vedanta owned ESL Steel plans to double capacity from 1.5 million tonnes to 3 million tonnes at an estimate of INT 3,000 crore. … Topics Vedanta Announcement under Regulation 30 (LODR)-Press Release / … News Brief Vedanta's Anil Agarwal Partners With London-Based Centricus Asset Management To Invest $10 Billion In India by Swarajya Staff - Dec 18, 2020 05:07 AM Based on achieving certain milestones, Vedanta Aluminium will fully acquire Raykal Aluminium in phases. Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, United Kingdom.It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. The loan is for 10 years and Vedanta has given a guarantee, two people familiar with the matter told ET. The approvals are in the last stages. Unlimited access to all the content on any device through browser or app. Instagram Telegram Google News Vedanta Ltd stepped closer to being delisted from Indian bourses after 137.74 crore shares were tendered at the close of the buyback offer made by the promoters. CNBC-TV18. Vedanta Resources to delist Indian unit: What it means for you Vedanta share prices have fallen more than 40% this year, giving the company a market value of about $4.4 billion. According to Bloomberg data, 4.5% of the company’s total equity exchanged hands in 17 large trades. Vedanta and Dubai’s DP World have shown interest in acquiring a stake in Shipping Corporation of India (SCI), The Economic Times said citing people familiar with the matter. Anil Agarwal-led Vedanta is the sole bidder for Videocon’s 25 per cent stake in the Ravva oil and gas field located in the shallow offshore area of the Krishna-godavari basin on the eastern coast of India. Massive borrowing by Vedanta Resources Ltd. has helped push up Indian firms’ dollar loans to fund the privatization of companies and acquisitions to the most in six quarters. Vedanta share price touched an intraday high of Rs 153.4, rising 5.25% on BSE against the closing of Rs 145.75. Vedanta-owned ESL Steel is looking to hit the ground with its plan of doubling capacity towards the end of the fourth quarter after hitting a speed breaker due to the Covid-19 pandemic. Vedanta Ltd.’s stock touched its highest in nearly a year after 16.6 crore shares of the Anil Agarwal-led mining conglomerate exchange hands in multiple large trades. Vedanta is undertaking an expansion program. Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. business-standard.com Vedanta, Hindustan Zinc rally up to 10%, scale 52-week highs In the past month, the stock of Vedanta has zoomed 37 per cent, against 7 per cent rise in the S&P BSE Sensex The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta … Your support through more subscriptions can help us practise the journalism to which we are committed. Read more about Vedanta, Hindustan Zinc rally up to 10%, scale 52-week highs on Business Standard. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Get a daily email with all the news updates on them. The notes in both cases will be partly secured by shares in the Mumbai-listed unit Vedanta Ltd. Vedanta's interest in India's second largest fuel retailer is because of synergies with its existing oil and gas business. November 24, 2020 07:00 AM Eastern Standard Time. The Economic Times. History Sterlite Industries. We believe in free, fair and credible journalism. Business News » India News Vedanta Delisting: Just 5 pct shares tendered so far; check out Anil Singhvi's strategy for investors Anil Singhvi on Vedanta Delisting: The last date for Vedanta delisting offer is fast approaching and till now around 5 per cent has been tendered. Track stock prices in your portfolio. Vedanta Resources Ltd. on December 10, sold $1 billion of securities at one of the highest yields for a dollar bond in Asia this year. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Several media reports, including that from Business Standard, Economic Times and CNBC TV 18, on Wednesday suggested that Vedanta Resources will buy close to 4.9% stake in the Indian unit through block deals. Business Standard - 2019-11-05 - FRONT PAGE - . Business Standard. India Business News: The Anil Agarwal controlled Vedanta Group said on Wednesday that it has submitted an expression of interest (EoI) for buying the government’s 53% stak The promoter fixed the price at Rs 150-160 apiece. India Business News: Metals and mining magnate Anil Agarwal plans to offer Rs 16,200 crore in cash to take the Mumbai-listed Vedanta Ltd private, the Indian company said o To fund a tender offer for Securities due 2021 gas Business Ltd. all rights reserved )... South Korea, the people said large trades, the first saw 3.7 crore shares tendered! `` Business Standard Premium Services '' 24, 2020 07:00 am Eastern Time! 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