Vedanta shares in focus—here's what is keeping the investors keen
Vedanta share price today: Anil Agarwal-led Vedanta shares remained in focus on Tuesday, April 16 after the Mining conglomerate secured an 11-year term loan of Rs 3,918 crore from Power Finance Corporation Ltd (PFC). The financial closure will enable Vedanta to expedite the completion of its power projects.
Vedanta share price today: Anil Agarwal-led Vedanta shares remained in focus on Tuesday, April 16 after the Mining conglomerate secured an 11-year term loan of Rs 3,918 crore from Power Finance Corporation Ltd (PFC). The financial closure will enable Vedanta to expedite the completion of its power projects. The group plans to increase the operating capacity of its power business in India to 4.8 GW by FY27, a PTI report said. Read more
Shares of mining major Vedanta on Tuesday, April 16 traded in red, extending the declining trend for the second trading session amid weakness in D-Street. The stock declined nearly two per cent to the day's low of Rs 364.05 on NSE in early morning deals.
In another development, Vedanta has asked JPMorgan Chase & Co to assist it in raising up to Rs 2,500 crore via bonds. According to a PTI report, the firm has requested the financial institution to help it raise between Rs 2,000 crore and Rs 2,500 crore through bonds.
When contacted, a Vedanta spokesperson said that as part of routine capital management, Vedanta continues to exercise refinancing and capital raising activities from diverse sources to improve the debt and cash profile, both in terms of counterparties as well as lowering interest costs. Read more
What does Vedanta do?
Vedanta Ltd, a subsidiary of Vedanta Resources Limited, is one of the world's leading natural resources companies with operations spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan.
Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
09:37 AM IST