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Vedanta Expands Footprint In Global Display Value Chain With Acquisition Of Japanese Major AvanStrate For $78 Million

Vedanta Expands Footprint In Global Display Value Chain With Acquisition Of Japanese Major AvanStrate For $78 Million
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Vedanta limited onAvanstrate incCairn india holdings ltdVedanta limitedAnil agarwal owned

Vedanta buys additional stake in AvanStrate for $78 million

Vedanta buys additional stake in AvanStrate for $78 million
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Abu Dhabi s IRH vies for Vedanta s copper assets in Zambia

The mining investment arm of Abu Dhabi's International Resources Holding (IRH), is in discussions to acquire a majority stake in the Zambian copper assets of Vedanta Resources, Reuters reported.

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vedanta: Vedanta looks to cut debt by up to $2 billion

The natural resources major had a gross debt of ₹75,227 crore - or more than $9 billion - as of December-end. Net det was ₹62,493 crore - just shy of $8 billion. Last year, Vedanta had also announced it is looking to sell its steel business. Goel said that the process for the asset sale is underway, and that Vedanta will have a "firm proposal" by the end of the current quarter, and the deal is likely to be finalised by April-May. The company acquired Electrosteel Steel through the insolvency process in 2018.

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Stock Market Today: Top 10 things to know before the market opens

Foreign institutional investors (FIIs) turned net buyers for the first time in the last seven consecutive sessions, buying shares worth Rs 2,926.05 crore, while domestic institutional investors (DIIs) turned net sellers after six-day of consistent buying, offloading Rs 192.01 crore worth of stocks on December 27, provisional data from the NSE showed.

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