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Vedanta likely to lose third CFO amid restructuring reports

The stock has tanked 5.70 points or 2.56 percent after the news broke sinking to ₹217.05 at 1.16 pm on October 23. The previous close was ₹222.75.

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Vedanta CFO likely to quit months after joining firm: Report, Auto News, ET Auto

Vedanta Ltd: Vedanta, the mining conglomerate controlled by billionaire Anil Agarwal, may lose its third chief financial officer in as many years. Sonal Shrivastava, who joined the company in June, has informed Agarwal about her decision to leave. Agarwal is currently in talks with finance professionals for a potential replacement.

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Vedanta Resources: Vedanta Resources bonds decline on profit drop at India-listed arm

VRL faces potential rating action by S&P Global in the absence of a credible refinancing plan by July end for $1 billion bonds. On Friday, it told investors that the brand fee, at 3% of VDL s annual revenue and subject to reviews within the six-year set mandate, can be increased to 5% without shareholders approval.

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Vedanta CFO says confident of meeting debt maturities in FY24

Vedanta CFO says confident of meeting debt maturities in FY24
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cash flow: India s Vedanta CFO Sonal Shrivastava says confident of meeting debt maturities in FY24

The company is committed to reducing debt as its "high-quality" assets continue to generate a healthy cash flow, Sonal Shrivastava said in a statement. "We are prudent in raising capital." Earlier this month, the company said it will enter the market for the manufacturing of chips and displays this year after its joint-venture partner Foxconn pulled out of a $19.5 billion chipmaking project.

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