Vedanta: On Friday, Vedanta Ltd, led by billionaire Anil Agarwal, announced the acquisition of an additional 46.57% stake in the Japanese display major, AvanStrate Inc, for $78.3 million. This acquisition was made through its wholly-owned subsidiary, Cairn India Holdings Ltd. Following this purchase, Vedanta’s total ownership in AvanStrate now stands at 98.2%. The transaction is…
Vedanta shares: Vedanta saw a substantial increase in its share price, rising over 5% during Friday’s morning trading session. This surge was attributed to the release of its Q4 results on Thursday, with analysts pointing out that Vedanta’s earnings for the March quarter surpassed predictions, fueling the upward momentum in share prices. In its Q4FY24…
Vedanta, a conglomerate dealing in metals and oil, announced on Thursday its plan to raise Rs 2,500 crore ($299.6 million) via way of debt instruments. The funds will be raised via the issuance of non-convertible debentures through private placement. The purpose for which the funds will be utilized was not specified by the company led…
Hindustan Zinc: During afternoon trading on April 3, Hindustan Zinc Limited experienced a significant surge of 4.6 percent in its shares. This increase followed the company’s announcement of its highest-ever quarterly refined metal production, reaching 273 kilotonnes (KT) in March. This achievement was attributed to improved plant availability. In the March quarter, mined metal production…
