Vedanta, a mining giant, has been in the news recently with various developments. The company distributed nearly ₹1 lakh crore as dividends in the last decade. Vedanta's chairman, Anil Agarwal, made a significant statement on the promoter stake sale. The company is set to raise Rs 1,000 crore through a debt issue, leading to a 6% spike in its stock price. Additionally, Vedanta approved raising Rs 1,000 crore via bonds on a private-placement basis. The market cap of Vedanta Group, including Vedanta and Hindustan Zinc, is nearly 4.5 lakh crore. Anil Agarwal is reportedly planning to sell 2.5% shares in Vedanta Ltd, with promoters' stake currently at 61.95%.
#Vedanta's promoters hold a 61.95% stake in the company, which declined from just under 70%, starting from December 2022. Read more: https://t.co/MzpC6mNQ16
Vedanta Block Deal News: 2.5% stake sale - Latest update https://t.co/zIirpCR4jZ
Block Deal News: Billionaire Anil Agarwal likely to sell 2.5% shares in Vedanta Ltd – Details https://t.co/9UuFU0L6iU
#Vedanta and #HindustanZinc boost #VedantaGroup's market cap to nearly 4.5 lakh crore.
#Vedanta approves raising of Rs 1,000 crore via bonds on a private-placement basis.
#MarketsWithBS | Shares of mining giant #Vedanta rose as much as 6.76% to hit an intraday high of Rs 478.80 per share on June 20, 2024. #Markets #sharemarket #stockmarket #buzzingstocks https://t.co/uT9SVRxiCW
#Vedanta to raise Rs 1,000 crore via debt issue; stock spikes 6% https://t.co/DWnXLsWFvX
#Vedanta Chairman @AnilAgarwal_Ved makes a big statement on #promoter stake sale @Nigel__DSouza https://t.co/A1kRGMaTbv
Vedanta distributes nearly ₹1 lakh crore as dividend in last 10 years @yoosefkp https://t.co/imFZZOAAbU