vedanta
Vedanta acquires management control of Electrosteel Steels
Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd.
Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account
The company has acquired control over ESL and a new board of directors has been put in place.
Copper plant closure won't affect Vedanta's cash flow much, says S&P
Vedanta will likely need to reconfigure such financing, including fresh local borrowings.
Vedanta asks NCLAT to lift stay over Electrosteel sale status quo
Renaissance has submitted before NCLAT that Vedanta is not eligible to bid for Electrosteel under section 29 A.
Vedanta sticks with plan to expand Indian smelter despite deadly protests
Vedanta wants to double the smelter’s capacity mainly to meet India’s rising copper demand.
UK Opposition wants Vedanta delisted from London Stock Exchange
Violent protests had erupted in Tuticorin on Tuesday as locals took to the streets demanding closure of a copper factory.
Vedanta shares drop 6 per cent after protests in Tamil Nadu
After opening the day on a weak note, the stock further lost 5.80 per cent to Rs 253.85 on BSE.
Vedanta says Indian copper smelter shutdown causing deficit, price rise
Copper prices hit more than six-year lows in 2016 but have gained more than 50 per cent from those levels.
Lenders to get 7.6 pc in Electrosteel after Vedanta takeover
Company officials said the shareholder approval and the legal challenge are two separate things which can go parallelly.
Vedanta gets NCLT nod for Electrosteel takeover
The 270-day resolution deadline stipulated by IBC ended Tuesday.