The Indian mining conglomerate Vedanta, led by Anil Agarwal, which is keen to enter the semiconductor space, has finally put the jigsaw puzzle together. The Vedanta-Foxconn joint venture for ...

Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat ...

The move aligns with Vedanta's broader deleveraging strategy. As of December quarter, its net debt-to-EBITDA ratio improved to 1.4x from 1.9x in Q1 FY24, with a 1x medium-term target. The loan, taken ...

Vedanta is set to restructure into five independent entities, creating sector-specific powerhouses. What does this mean for investors, and how will the demerger shape its future?

The National Company Law Tribunal has dismissed the demerger scheme filed by Talwandi Sabo Power Ltd (TSPL) after objections were raised by SEPCO, a creditor of TSPL, in relation to the demerger of ...

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 ...

MUMBAI, India--(BUSINESS WIRE)--Vedanta Limited (“Vedanta”) announced in an exchange filing that the resolutions listed in its Notice of Equity Shareholders, Secured Creditors, and Unsecured ...

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.

The loan, taken by subsidiary THL Zinc Ventures in May 2023 at 13.9% interest, was partly repaid using funds from Vedanta's $1 billion June 2024 QIP.