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Vedanta plans to raise up to ₹8,500 cr via issuance of securities

Vedanta Ltd plans to raise funds through various instruments, invest in new geographies, and issue dividends.

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Stocks that will see action today: March 17, 2024 - The Hindu BusinessLine

Stocks that will see action today: March 17, 2024 - The Hindu BusinessLine
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Vedanta stock gains as board approves Rs 8,500-crore fundraise; declares dividend

Anil Agarwal-led Vedanta is looking to raise cash through issue of equity shares or by way of further public offer, rights issue, or other ways.

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Vedanta shares climb on Rs 8,500 crore fundraising plan, dividend

Vedanta shares climb on Rs 8,500 crore fundraising plan, dividend
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vedanta fund raise: Vedanta to raise upto Rs 8,500 crore; announces first FY25 interim dividend of Rs 11 per share

This will amount to a total payout of Rs 4,089 crore. May 25 has been fixed as the record date for payment of dividend. The announcements were made after market hours and the stock had ended at Rs 433.60 on the NSE — down by Rs 3.80 or 0.87% over Wednesdays closing price. The company board has also approved setting up of a continuous cast copper rod plant in Saudi Arabia.

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