Last month, Vedanta had announced that it has received approval from its shareholders and creditors for the demerger.

Vedanta’s restructuring plan involves splitting the company into five distinct listed entities, Vedanta, Vedanta Aluminium Metal, Talwandi Sabo Power Limited, Malco Energy, and Vedanta Iron and Steel.

2024 S&P Global Ratings upgraded Vedanta Resources to "B" from "B-" after the parent company of Indian miner Vedanta Ltd secured minimum support needed for a debt restructuring plan. S&P upgrades ...

Vedanta has secured creditor approval for its demerger, surpassing the required 75% support with 83%. This restructuring will divide the company into five separate businesses, enhancing individual ...

The company had held separate meetings with shareholders, secured creditors and unsecured creditors on February 18 to seek approval for the proposed demerger. (Reuters) Vedanta has been making ...

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Vedanta Ltd.’s creditors will meet Tuesday to give ...

The rating agency has upgraded the corporate family rating of the company from B3 to B2. Moody's has also upgraded the rating on the senior unsecured bonds issued by Vedanta Resources to B3 from Caa1.

Originally, the company planned to split its operations into six separate businesses after the demerger: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials ...

Q3 was a blockbuster quarter for the company – year-on-year growth of 10% in revenues, 30% in Ebitda, and 70% in net profit. In fact, Vedanta reported the highest Q3 operating profit in 11 ...

Vedanta Limited ("VEDL" or "Company"), a subsidiary of Vedanta Resources Limited, is leading global natural resources conglomerate operating across India, South Africa, Namibia, Liberia ...

Vedanta Resources is trying to raise around $1 billion in debt financing to fund development of its Konkola Copper Mines (KCM) in Zambia, Chris Griffith, head of the company’s base metals unit ...