November 19, 2020 10:59 am
Vedanta Limited is the holding company of Cairn India, which accounts for around a quarter of India’s annual crude oil output. The deadline for submission of EoIs for BPCL was November 16.
November 18, 2020 2:36 pm
Vedanta's interest in India's second largest fuel retailer is because of synergies with its existing oil and gas business.
October 22, 2020 11:40 am
The record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Saturday, October 31, 2020, Vedanta Ltd said in a regulatory filing.
October 19, 2020 12:40 pm
Vedanta announced that it was able to garner offers for only around 125 crore shares instead of the 134 crore shares required for the delisting process to go through.
October 11, 2020 12:21 am
What upset the Vedanta plan is the decision by LIC, which holds 6.37 per cent in Vedanta, to submit all its shares at a price of Rs 320, a 266 per cent premium over the floor price of Rs 87.25 per share.
September 29, 2020 11:47 am
In June this year, Vedanta had received shareholders' nod for delisting the company. The firm, through a postal ballot, had sought shareholders' nod to delist after VRL offered to buy out about 49.9 per cent of public shareholding at a price of Rs 87.5 per share.
September 18, 2020 2:35 pm
They have started approaching potential investors for the proposed India Direct Investment fund, which will buy stakes in government companies being sold as part of the country’s 2.1 trillion-rupee ($29 billion) divestment program
January 09, 2020 2:07 pm
Vedanta had approached the high court on in February last year seeking to reopen the Sterlite plant which was closed following a May 23, 2018 order issued by the Tamil Nadu pollution control board.
December 16, 2019 4:51 pm
Currently, there are 14-15 banks and around 40-45 companies in the country where government has a significant stake.
November 13, 2019 4:38 pm
Vedanta has to seek this approval as procuring any material from outside SEZs is treated as imports. SEZs are treated as foreign entities in terms of customs rules.
June 22, 2020 6:25 pm
How the protest in Tuticorin has been going on for twenty years but this year it took a turn for the worse.