Today news
About the same in other media
Plan to list other businesses: Vedanta chief
Reading now: 482
₹87.5 per share for the buyback. Although, it raised the price later, the delisting attempt failed as Vedanta didn’t receive the required number of shares for the delisting offer to go through.
Earlier in the year, Hindustan Zinc Ltd, (Vedanta Ltd’s subsidiary) proposal to buy zinc international assets from parent (Vedanta resources) for $2.98 billion in cash deal also could not get shareholders’ support. Hindustan Zinc is a subsidiary of Vedanta Ltd where it holds a 64.92 % stake.
However, of the remainder stake, government still holds more than 29%. The fresh move to list its businesses separately thereby could be another attempt to raise funds and reduce the parent and Vedanta group’s debt.
. Read more on livemint.comAbout this in other media
PM To Hold 15 Bilateral Meetings; Biden, Macron, 13 Others On The List | Details | In Focus livemint.com /8 months ago
Punjab National Bank added to F&O ban on NSE with 8 others for September 8; check full list livemint.com /8 months ago
Foxconn seeks to work with STMicro to build India chip plant after parting ways with Vedanta livemint.com /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
