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Vedanta to invest $20 bn in 4 years in India: Agarwal

Vedanta to invest $20 bn in 4 years in India: Agarwal
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What GQG Partners, the firm that fishes in troubled waters, sees in Vedanta

Following reports that US-based GQG Partners, founded by Rajiv Jain, is in talks to buy a stake in Vedanta, a big block deal was reported on Thursday in which more than 2% equity changed hands worth over Rs 2,600 crore.

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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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JSW Steel, ArcelorMittal keen on acquiring Vedanta s mines, steel business in East: Report

In June 2018, Vedanta had initially acquired the plant from Electrosteel Steels under the Insolvency and Bankruptcy Code. But with debt concerns around the company, Vedanta Resources is looking out for the possibility of selling the asset.

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Past environmental issues: Vedanta s plans to sell ESL Steel may get tepid response

Past environmental issues: Vedanta s plans to sell ESL Steel may get tepid response
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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