Billionaire Anil Agarwal’s commodities group will return money raised from banks and bondholders after a plan to retire its Indian unit failed. Vedanta Resources Ltd will pay $ 1.4 billion raised through bonds and another $ 1.1 billion in loans, with a small amount of interest, starting this week, according …
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Vedanta Ltd., the Indian commodities conglomerate of billionaire Anil Agarwal, posted a 23.5% drop in quarterly earnings as one of the world’s tightest locks hit production and demand. The group’s net income plummeted to 10,330 crore ($ 141 million) in the three months to June from 13,510 crore a year …
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Vedanta, led by Anil Agarwal, got relief when the Supreme Court on Wednesday rejected the government’s statement challenging an arbitration award that allowed the company to recover $ 499 million instead of $ 198 million that (the government) had limited to develop. the Ravva oil and gas fields. The dispute …
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The Supreme Court ruled on Wednesday that Vedanta Ltd. is entitled to recover a $ 499 million arbitration award from the central government to develop oil and gas fields in Rajasthan. The court rejected the government’s petition, which said billionaire Anil Agarwal’s company, along with Videocon Industries Ltd., is entitled …
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[ad_1] Billionaire Anil Agarwal on Tuesday announced intention to take his Indian listed firm Vedanta Ltd private by buying out shares held by public. Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd. This price is lower than Tuesday’s Rs …
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[ad_1] Mumbai: Major Vedanta miner is ready to take private business In a presentation of the stock exchange at dusk, billionaire Anil Agarwal’s company announced the decision of its parent, Vedanta Resources. Promoters’ stake in the company was 50.14 percent, while public shareholders had 49.46 percent according to participation data …
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