Vedanta's Board Approves Sale of 11 Crore Shares
Vedanta's Financial Obligations and Investments
Vedanta Resources, the parent company of Vedanta Limited, currently has pending payments of approximately 4 billion dollars extending until the 2025 financial year. Despite this, Vedanta's subsidiary, HZL, is committed to investing 300 crore INR in a stadium, marking one of the largest corporate investments in India.
Vedanta's Recognition and Leadership
Vedanta was recently recognized by SP Global in 2023 as one of the top Metals Mining companies in their Corporate Sustainability Assessment. Additionally, Anil Agarwal, the Executive Chairman of Vedanta Resources since May 2003, has played a key role in the company's successes.
Vedanta's Upcoming Share Sale
As of June, Vedanta held 64.92% of its shares. The company announced on Tuesday, August 13, 2024, that its board has approved the sale of up to 11 crore shares. This sale is expected to generate significant revenue for the company, potentially enabling further investments and growth opportunities.
Vedanta Chairman's Exclusive Interview
In an exclusive interview with CNBC-TV18 on Wednesday, Vedanta chairman Anil Agarwal discussed the company's current financial situation and future plans. Stay tuned for more updates on this developing story.
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