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As per Vedanta's revised December 2024 composite scheme of the arrangement, the demerger will result in the creation of five sector-focused entities - Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power and Vedanta Iron & Steel, while Vedanta Limited will hold both upcoming and some existing businesses not covered by the above four verticalised revenue streams.
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News and Media
NSE's Metal index fell 2.64% on Monday, while the Nifty declined 0.8% - extending losses to the fourth straight trading session. National Aluminium was the top loser on the index, down 4.9%, whereas Steel Authority of India (SAIL), Vedanta, and NMDC declined over 4% each.
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News and Media
The rupee weakened to an all-time low of 87.95 a dollar in the early hours on Monday, but managed to pare most of its losses due to strong intervention by the Reserve Bank of India (RBI).
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News and Media
Hexaware Technologies, a mid-tier IT services exporter, plans to raise Rs 8,750 crore through an offer for sale by the promoter Carlyle group.
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News and Media
Sebi has barred Gujarat-based SME Kalahridhaan Trendz and its promoters from the securities market for concealing loan defaults, misleading investors, and diverting IPO funds. The company also fabricated financials and falsely claimed major orders from a fictitious Bangladeshi entity.
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News and Media
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