Vedanta Ltd Share Price (VEDL)

Vedanta Plans Demerger and Spin-Off of Businesses - 28 Sep, 2023

Vedanta Ltd. plans to demerge its businesses into multiple listed entities to alleviate the group's debt burden and unlock better valuations. The company will carve out separate companies for its metals, power, aluminium, and oil and gas businesses.

Moody's Downgrade Hits Vedanta Shares - 27 Sep, 2023

Vedanta shares plunge to a 52-week low as Moody's Investors Service downgrades the corporate family rating (CFR) of its parent company Vedanta Resources Ltd from Caa1 to Caa2, citing concerns over growing debt and risks of debt restructuring.

Vedanta Ltd Faces Downgrade in Corporate Family Rating - 26 Sep, 2023

Moody's has downgraded the corporate family rating of Vedanta Resources Ltd., the parent company of India-listed Vedanta Ltd. over elevated risks of debt restructuring.

Vedanta Resources faces resistance from bondholders over restructuring plan - 25 Sep, 2023

Investors in Hong Kong and Singapore have expressed discomfort with Vedanta Resources' proposed bond restructuring plan, which requires approval from at least two-thirds of bondholders. The plan suggests a 50% upfront payment for the $1bn January 2024 bond, along with payments for other bonds, with remaining amounts to be restructured.

Vedanta Ltd's Intrinsic Value Suggests 41% Undervaluation - 24 Sep, 2023

According to a recent article, Vedanta Ltd's projected fair value is ₹382 based on the Discounted Cash Flow model. The current share price of ₹225 suggests that the stock is potentially undervalued by 41%.

Vedanta Plans to Raise Funds Through NCDs - 22 Sep, 2023

Mining company Vedanta Ltd plans to raise up to Rs 2,500 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The company's board and committee of directors have approved the fundraising plan.

Vedanta Resources in Talks for Short-Term Loan, Shares Fall to 52-Week Low - 21 Sep, 2023

Vedanta Resources is discussing a $1 billion short-term loan to address its upcoming debt maturities while simultaneously modifying repayment timelines with bondholders. The company's shares fell to a 52-week low ahead of a board meeting to consider the issuance of non-convertible debentures.

Vedanta Stock Has 20% Upside Potential - 19 Sep, 2023

According to Trendlyne, Vedanta Ltd's average target price is Rs. 283, indicating a potential upside of 20%. The stock may need to double from current levels to revisit its April 2010 high.

Vedanta Board Meeting to Consider Issuing NCDs - 18 Sep, 2023

Vedanta Ltd will hold a board meeting on September 21 to discuss the proposal of issuing non-convertible debentures (NCDs) on a private placement basis, as part of its routine refinancing process. The proceeds may be used towards repayment of bonds.

Vedanta Plans to Issue NCDs, Reports Growth in Profit - 17 Sep, 2023

Mining company Vedanta Ltd announces plan to issue NCDs and reports 6% sequential growth in profit for June quarter with an interim dividend of Rs 18.5 per share.

Vedanta Appoints New CEO, Faces Potential Downgrade by S&P - 15 Sep, 2023

Vedanta Resources announces appointment of new CEO for Base Metals and President of International Businesses. S&P warns of possible credit rating downgrade due to change in financial policy.

Chris Griffith appointed as CEO for base metals and president of international businesses at Vedanta Resources - 14 Sep, 2023

Vedanta Resources has announced the appointment of Chris Griffith as its Chief Executive Officer for base metals and president of international businesses.

Mixed News Affects Vedanta Stock - 13 Sep, 2023

Vedanta Ltd's stock was affected by news of Anil Agarwal's plan to transfer Konkola Copper Mines, MF increasing its holding, and concerns over parent company's debt repayment. However, GE Power India received a purchase order worth Rs 25 crore from Vedanta.

GE Power India receives INR 25 crore order from Vedanta Ltd - 12 Sep, 2023

Vedanta Limited has placed a purchase order worth INR 25 crores plus GST 18% for NOX Reduction at Lanjigarh CGPP unit 3 x 30 MW with GE Power India Limited.

Vedanta Among Weak Stock Futures - 11 Sep, 2023

Stock futures for Vedanta Ltd are looking weak, according to recent reports.

Vedanta Faces Repayment of $2 Billion Notes Next Year - 08 Sep, 2023

Vedanta Ltd's parent company, Vedanta Resources, is planning to meet bondholders in Singapore and Hong Kong while considering an option to redeem a small portion of bonds ahead of schedule.

Vedanta Faces Repayment of $2 Billion Notes Next Year; Power Mech Wins Order Worth ₹396.01 Crores. - 07 Sep, 2023

Vedanta Ltd's shares decline by nearly 22%. Vedanta Resources is planning to meet bondholders in Singapore and Hong Kong as it faces repayment of about $2 billion of notes next year. Power Mech Projects has won an order worth ₹396.01 crores from Vedanta Limited.

Vedanta Regains Control of Konkola Copper Mines - 06 Sep, 2023

The Zambian government has returned ownership of Konkola Copper Mines to Vedanta Resources, allowing the company to resume copper operations in Zambia. Vedanta is also discussing a loan with Standard Chartered Bank, while its acquisition of KCM marks a significant milestone for the global mining industry.

Vedanta Stock Falls While Others Rise - 05 Sep, 2023

Vedanta Ltd's stock has fallen by 15.8% this month, while JSW Steel and Hindustan Zinc have seen moderate gains.

Vedanta Ltd among stocks with weak futures - 04 Sep, 2023

Stock futures for Vedanta Ltd are looking weak along with ABB, Escorts, Kotak Bank, GMR Infra, HUL, and BPCL.