Edition:
United Kingdom

Vedanta Ltd (VDAN.NS)

VDAN.NS on National Stock Exchange of India

215.20INR
17 Aug 2018
Change (% chg)

Rs6.40 (+3.07%)
Prev Close
Rs208.80
Open
Rs212.20
Day's High
Rs216.70
Day's Low
Rs211.00
Volume
13,308,267
Avg. Vol
13,568,870
52-wk High
Rs355.70
52-wk Low
Rs200.65

Latest Key Developments (Source: Significant Developments)

Vedanta Says NCLAT Approves Eligibility Under Insolvency & Bankruptcy Code
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Vedanta Ltd ::SAYS NATIONAL COMPANY LAW APPELLATE TRIBUNAL ('NCLAT') APPROVES ELIGIBILITY OF COMPANY UNDER INSOLVENCY AND BANKRUPTCY CODE.NCLAT RULED THAT VEDANTA LIMITED WAS ELIGIBLE TO BID FOR ELECTROSTEEL STEELS LIMITED.SAYS NCLAT DECLINED TO INTERFERE WITH APPROVAL OF RESOLUTION PLAN BY NATIONAL COMPANY LAW TRIBUNAL, KOLKATA.  Full Article

India's Hindustan Copper Chief Says Company Expects To Hire Merchant Bankers For Share Sale Within 2 Months
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Hindustan Copper Ltd ::INDIA'S HINDUSTAN COPPER CHIEF SAYS COMPANY EXPECTS PRODUCTION CAPACITY TO RISE TO 4 MILLION T BY END OF FY19, 10 MILLION T BY FY20.INDIA'S HINDUSTAN COPPER CHIEF SAYS COMPANY HAS NO PLAN TO INCREASE COPPER REFINING CAPACITY SOON.INDIA'S HINDUSTAN COPPER CHIEF SAYS COMPANY SUPPLIED ABOUT 16,000 T OF COPPER ORE TO VEDANTA'S THOOTHUKUDI SMELTER IN 2017/18.INDIA'S HINDUSTAN COPPER CHIEF SAYS COMPANY EXPECTS TO HIRE MERCHANT BANKERS FOR SHARE SALE WITHIN TWO MONTHS.  Full Article

Vedanta Ltd Identified As 'H1 Qualified Interested Bidder' In GCEL Consortium Bid Process
Friday, 13 Jul 2018 

July 13 (Reuters) - Vedanta Resources PLC ::UPDATE FROM VEDANTA LIMITED.VEDANTA LTD IDENTIFIED AS 'H1 QUALIFIED INTERESTED BIDDER' PER BID PROCESS OF GCEL CONSORTIUM.VEDANTA LTD IDENTIFIED AS 'H1 QUALIFIED INTERESTED BIDDER' FOR SALE OF CONTROLLING EQUITY STAKE AND RESTRUCTURING OF DEBT IN GCEL.  Full Article

Vedanta Ltd Re-Elects Navin Agarwal As Chairman
Friday, 13 Jul 2018 

July 13 (Reuters) - Vedanta Ltd ::RE-ELECTED NAVIN AGARWAL AS CHAIRMAN.  Full Article

NGT Refuses To Impose Stay On Tamil Nadu Govt's Order On Vedanta's Sterlite Plant Closure - ET NOW
Thursday, 5 Jul 2018 

July 5 (Reuters) - :NGT REFUSES TO IMPOSE ANY STAY ON TAMIL NADU GOVERNMENT'S ORDER ON VEDANTA LTD'S STERLITE PLANT CLOSURE - ET NOW.  Full Article

Vedanta Resources Says Reaches Agreement For Volcan Investments To Buy Co
Monday, 2 Jul 2018 

July 2 (Reuters) - Vedanta Resources PLC ::RECOMMENDED POSSIBLE OFFER FOR VEDANTA RESOURCES.INDEPENDENT COMMITTEE OF CO'S BOARD, VOLCAN REACHED AGREEMENT IN PRINCIPLE ON TERMS OF POSSIBLE RECOMMENDED OFFER TO BE MADE BY VOLCAN AT 825 PENCE/SHARE.SHAREHOLDERS WILL ALSO BE ENTITLED TO GET PREVIOUSLY ANNOUNCED DIVIDEND OF US$0.41/VEDANTA SHARE IN RESPECT OF 12 MONTHS ENDED 31 MARCH 2018.OFFER PRICE OF 825 PENCE PER SHARE VALUES TOTAL ISSUED SHARE CAPITAL OF VEDANTA AT £2,325 MILLION.INDEPENDENT COMMITTEE WAS FORMED TO REVIEW AND EVALUATE THAT PROPOSAL; DECIDED TO ENGAGE IN NEGOTIATIONS WITH VOLCAN.OFFER PRICE OF 825 PENCE PER SHARE VALUES ISSUED SHARE CAPITAL CAPITAL OF VEDANTA NOT CURRENTLY OWNED BY VOLCAN AT £778 MILLION.INDEPENDENT COMMITTEE INDICATED TO VOLCAN SUPPORTS POSSIBLE OFFER, INTENDS TO RECOMMEND FIRM OFFER.  Full Article

Vedanta Says Filed Writ With Madras High Court w.r.t Leak At Sterlite Copper Smelter
Monday, 25 Jun 2018 

June 25 (Reuters) - Vedanta Ltd ::CLARIFIES ON NEWS ON LEAK AT STERLITE COPPER SMELTER.FILED A WRIT OF MANDAMUS BEFORE MADRAS HIGH COURT AND SUBMITTED A NOTE ON POTENTIAL SAFETY RISKS WITH NO SUPERVISION OF PLANT IN TAMIL NADU.COURT HAS DIRECTED DISTRICT ADMINISTRATION AND POLLUTION CONTROL BOARD TO FILE RESPONSE.SAYS FOLLOWING SEALING AND CLOSURE OF UNIT PURSUANT TO GOVERNMENT OF TAMIL NADU ORDER DATED MAY 28, DO NOT HAVE ACCESS TO PREMISES.WORKING WITH DISTRICT ADMINISTRATION AND POLLUTION CONTROL BOARD TO EVACUATE ACID SPILLAGE SAFELY, TO MITIGATE ANY ENVIRONMENTAL DAMAGE.  Full Article

Vedanta Says Delhi HC Allowed Writ Petition Directing India Govt To Extend Production Sharing Contract For Rajasthan Block
Friday, 1 Jun 2018 

June 1 (Reuters) - Vedanta Ltd ::DELHI HC ALLOWED WRIT PETITION FILED BY CO DIRECTING INDIA GOVERNMENT TO EXTEND PRODUCTION SHARING CONTRACT FOR RAJASTHAN BLOCK FOR 10 YRS.HC DIRECTED GOVERNMENT TO FORMALLY COMMUNICATE ITS DECISION EXTENDING RAJASTHAN BLOCK PRODUCTION SHARING CONTRACT WITHIN TWO WEEKS..  Full Article

India's Vedanta Gets NCLAT Nod To Acquire Electrosteel Steels
Wednesday, 30 May 2018 

May 30 (Reuters) - Vedanta Ltd ::NCLAT ALLOWED CO TO ACQUIRE ELECTROSTEEL STEELS BY DEPOSITING UPFRONT PAYMENT TO COMMITTEE OF CREDITORS..  Full Article

Vedanta Says State Industries Promotion Corp Of Tamilnadu Informed Of Cancellation Of Land For Proposed Expansion
Tuesday, 29 May 2018 

May 29 (Reuters) - Vedanta Ltd ::SAYS LAND PRICE SHALL BE REFUNDED BY SIPCOT AS PER THEIR NORMS.SIPCOT INFORMED REGARDING CANCELLATION OF 342.22 ACRES OF LAND ALLOTTED TO CO FOR PROPOSED EXPANSION COPPER SMELTER PLANT AT THOOTHUKKUDI.  Full Article

Indian shares dip for second session as rupee hits record low

Aug 13 Indian shares fell for a second straight session on Monday tracking weak Asian peers, with financials accounting for more than half of the losses on the NSE index and the rupee hitting an all-time low against the dollar.