News for Vedanta Limited (VEDL.BO)

Hindustan Zinc shares: The issuance will be carried out through a private placement, aimed at institutional investors and high-net-worth individuals (HNIs). A total of up to 50,000 debentures will be offered across all tranches, including 10,000 STRPP 1 debentures, 10,000 STRPP 2 debentures, and 30,000 STRPP 3 debentures.

A 25% drop likely in the number of promotions in 2025 as companies are no longer engaged in a talent war amid slowing growth

Muted revenue growth, narrowing margins and downgrades weighed on companies in December quarter.

Tata Steel shares gained 2.33% to Rs 149.85 against the previous close of Rs 146.15. Market cap of the firm rose to Rs 1.86 lakh crore

The NCLT Mumbai has rejected the demerger plan of Talwandi Sabo Power Ltd, a subsidiary of Vedanta Ltd, due to insufficient disclosures. SEPCO, owed ₹1,251 crore by TSPL, challenged the restructuring. Vedanta plans to appeal the decision and continues to support the demerger scheme.

Nifty fell below 22,600 on Monday riding on weak global cues. The 50-stock index finished the session at 22,553.35, falling by 242.55 points or 1.06% amid massive selling across sectors, but most in the IT stocks. The S&P BSE Sensex finished at 74,454.41, declining by 856.65 points or 1.14%.Today’s fall marked the fifth straight decline for the frontline indices. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty has broken down from a bearish flag and pole pattern, signaling the start of a correction.

Vedanta stock closed 1.04% higher at Rs 438.05 in the previous session. Market cap of the firm rose to Rs 1.71 lakh crore.

Stocks including Quality Power, Bajaj Auto, Zomato, Jio Financial, Swiggy, RVNL, Vedanta, Adani Green, Lupin, Coal India will be in the spotlight on Monday, February 24.

In the five trading sessions leading up to February 21, the Sensex fell by approximately 0.83%, or 628 points, ending at 75,311. Although the overall market trend was negative for the week, ETMarkets highlighted eight stocks from the BSE 200 index that consistently gained in price during this period. (Data Source: ACE Equity) Beating The Odds

The GIFT Nifty was trading above 22,800. Cipla Ltd., NTPC Green Energy Ltd., and Vedanta Ltd. share prices will be in focus. As of 6:59 a.m., the GIFT Nifty was trading 41.50 points, or 0.18% down at 22,874.00. The NSE Nifty 50 and BSE Sensex extended losses to a third day. The indices ended 0.09% and 0.27% down, respectively.

This will allow the mining conglomerate to list its businesses - aluminum, oil & gas, power, steel - as separate units. At present, these businesses are subsumed within Vedanta, while Hindustan Zinc, which includes revenue streams from white metals zinc and silver, is listed separately. After the Merger, Vedanta will hold the Hindustan Zinc business.

Vedanta Limited approved demerger into five sector-specific companies, creating global scale businesses with focused operations and market potential.

Vedanta Ltd. on Thursday said it has received approval from equity shareholders and creditors for its proposed plan to split the mining conglomerate into five different businesses. The resolution was passed by the requisite majority during meetings held on Feb. 18.

An analyst from YES Securities said that Vedanta has faced downward pressure, leading to a gradual decline in its stock price towards the key support zone in the past 5-6 weeks.

Indian benchmark equity indices, Sensex and Nifty, traded lower on Wednesday, weighed down by major stocks like TCS, Infosys, and banking shares, amid mixed global cues.

When markets resume trading today, Vedanta, RVNL, Max Healthcare Institute, Allcargo Gati and Affordable Robotic and Automation Limited (ARAPL) will be in focus due to various related developments.

Another source said that the key factor behind the weak response was the absence of Citibank from the rupee bond market for years, with this trade marking its rare participation. However, Citibank's limited marketing efforts failed to generate strong demand, further forcing Vedanta to offer additional incentives to investors.

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

Vedanta Ltd. share price traded lower during early trade on Tuesday, ahead of the meeting of creditors to vote on a plan to split the mining conglomerate into five different businesses. The demerger plan, approved by its board on Sept. 29, 2023, is part of Vedanta's broader strategy to streamline operations and enhance shareholder value, allowing each entity to pursue its respective growth opportunities more effectively.