Vedanta is required to comply with aforesaid direction. Sebi, on expiry of 45 days from the date of this order, may initiate appropriate action against Vedanta for such failure.
In its stock review note, CLSA said that the company was focused on operational uptick and deleveraging. It said that the company s operational improvement will be key to its re-rating.
On BSE, the counter witnessed Rs 2503.02 crore turnover. A total of 934.15 lakh shares exchanged hands on BSE against a two week average of 4.98 lakh shares.
The debt restructuring comes at a higher cost but gives the parent company a two-year breather to focus on ongoing aluminium/zinc capex, Nuvama has said