India Business News: Markets regulator Sebi on Tuesday ordered Anil Agarwal-controlled Vedanta to pay Rs 77.6 crore to Capricorn UK Holdings (earlier Cairn UK Holdings) a
In May 2018, the Tamil Nadu Pollution Control Board (TNPCB) ordered the closure of Vedanta's Sterlite Copper. This decision came after 13 people were killed and 102 injured when police fired on protestors.
The mines ministry has written to Hindustan Zinc Ltd (HZL) stressing any business reorganization would require a formal approval from the government, a person aware of the details told ET.
HZL s board in a September 29 meeting asked the company to explore a corporate restructuring to create three separate legal entities for zinc and lead, silver, and recycling business to unlock shareholder value. The government has a 29.54% stake in HZL that is 64.92% owned by Anil Agarwal-controlled Vedanta Ltd.
Mining major Vedanta Ltd on Saturday reported a consolidated net loss of Rs 1,783 crore, against a profit of Rs 2,640 crore a quarter ago, and Rs 1,808 crore an year ago