Vedanta to hold board meeting on 21 Sep, discuss issuance of Non-Convertible Debentures
bigger debt repayment as they have to pay a total of $3.6 billion by the next fiscal year. Recently, Vendata Chairman Anil Agarwal proposed that the company should consider acquiring Konkola Copper Mines from Vedanta Resources.
This comes after Konkola Copper Mines regained ownership of one of the world's largest copper mines after a dispute with the Zambian government. “The return of Konkola Copper Mines (KCM) to Vedanta Resources comes at a perfect time! It has one of the largest reserves of copper and cobalt in the world, important in energy transition…Going forward, my thought is that we must maximize the synergies between KCM and Vedanta Ltd’s refining/smelter businesses in the UAE and India.
KCM can be moved from Vedanta Resources to Vedanta Ltd at the right valuation," Vedanta Chairman Anil Agarwal said on X (formerly Twitter). The share of Vedanta Ltd ended 0.3% up on Friday at ₹237 apiece.
. Read more on livemint.com
