The Anil Agarwal-led company did not disclose the amount to be raised. The announcement of the fundraising plan led to its shares ending with marginal gains at Rs 236.50 on the BSE
The stock price got a boost as Anil Agarwal plans to transfer Zambia’s Konkola Copper Mines from his group’s holding company Vedanta Resources to Vedanta.
Vedanta Zambia latest news: Anil Agarwal said the Konkola Copper Mines, which returned to his London-based firm Vedanta Resources last week, can be moved to the group's India-listed firm Vedanta Ltd "at the right valuation" on Tuesday. Get more Stocks News and Business News on Zee Business.
The Zambian government, which owns a 20 per cent stake in KCM, will allow Vedanta to resume control and operate KCM s mines and smelter after the company renewed a pledge to invest more than USD 1.2 billion to increase output and repay outstanding debts.
The Zambian government, which owns a 20 percent stake in Konkola Copper Mines (KCM), will allow Vedanta to resume control and operate KCM's mines, as per PTI.