Vedanta Ltd. Announces $662mn Dividend
Vedanta Ltd., the Indian subsidiary of Vedanta Resources Ltd. (VRL) announced that it will give a dividend of INR 50bn ($662mn). This will be its second interim dividend payout this year after its prior INR 69bn ($910mn) dividend announcement in September. It comes...
Vedanta Ltd. Promoters Raise $800mn via Share Pledges
The promoter holding companies of Vedanta Ltd. have raised $800mn by pledging shares in the company. Details were revealed in a statement released by the company: Twin Star Holdings entered into an agreement with Standard Chartered Bank, London to raise $400mn Vedanta...
Vedanta Reduces Net Debt by $300mn
Vedanta Resources Ltd. (VRL) reduced its net debt by about $300mn in since April and expects to further reduce its debt by around $500mn in the next half. Having repaid the loan of $325mn at Volcan Investments Ltd., VRL’s ultimate shareholder, the pledge on all...
