August 29, 2024 New Delhi, India Vedanta Vedanta Ltd. has scheduled a board meeting on September 02, 2024, to consider and approve the third interim dividend for the fiscal year 2024-25. The record date to determine shareholders’ entitlement for the dividend is set for September 10, 2024. Following this announcement, Vedanta’s shares traded 0.25% higher…
August 16, 2024 New Delhi, India Hindustan Zinc Shares Shares of Hindustan Zinc Ltd (HZL) plunged nearly 8% on Friday as Vedanta Ltd, the company’s promoter, initiated a two-day offer for sale (OFS) to divest a 3.17% stake in HZL. The OFS is set at a floor price of ₹486 per share, reflecting a 15.17%…
July 16, 2024 New Delhi, India Vedanta Shares Shares of mining major Vedanta Ltd. gained 2.21% on Monday, closing at ₹459.40. The company’s market capitalization rose to ₹1.70 lakh crore following the announcement of a Qualified Institutional Placement (QIP) to raise funds. Key Highlights: QIP Announcement: Vedanta’s committee of directors has approved the launch of…
December 14, 2023 New Delhi, India To strengthen its financial stand, Vedanta Resources Ltd (VRL) received a $1.25 billion loan from private lenders. With this, the excess fund shall be used in debt refinancing to help in forming a stable long-term capital base. Financial Boost Amidst Challenges However, Vedanta, the owner of the Vedanta…
December 6, 2023 New Delhi, India Interim Dividend In a recent development, Hindustan Zinc declared its second interim dividend of Rs 6 per share for the current financial year. This decision holds significant implications, especially for Vedanta, which owns a majority stake in Hindustan Zinc. Dividend Details Hindustan Zinc’s board approved a dividend of 300…
Following the announcement that a fifth dividend would be paid for the fiscal year 2022–23 that ends on Friday, shares of Vedanta Ltd., the business headed by billionaire Anil Agarwal, increased by about 3% on Wednesday. According to a statement with the stock exchange on Tuesday, the business will pay an interim dividend of 20.50…
The top 10 stocks that will be the subject of today’s attention are listed below: Adani Enterprises: In response to a report that raised concerns about whether the empire has truly settled debts totaling $2.15 billion, the stock exchange has requested explanation from the flagship company of the Adani Group, Adani Enterprises Ltd. Adani Enterprises…
According to persons familiar with the situation, Indian entrepreneur Anil Agarwal is researching measures to reduce the enormous debt load weighing down his commodities business empire, including selling a minority investment in Vedanta Ltd. Those who spoke on the condition of anonymity because the information is confidential stated that Agarwal is considering the prospect of…
BENGALURU: After a Bloomberg story that the Indian tycoon was considering selling less than 5% of the business, Vedanta Ltd, which is owned by billionaire Anil Agarwal, claimed on Thursday that any talk of a stake sale in the big mining company was “untrue and false.”After the report, Vedanta’s stock price dropped as much as…
Hindustan Zinc Ltd., one of India’s dividend stocks, issued its fourth interim dividend for the fiscal year (FY) 23 on Tuesday. The state-owned company’s board of directors declared an interim dividend of 26 cents per share for the fiscal year 2022–2023. The corporation has already established a record date for deciding which shareholders are entitled…
