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Once the final approval for the demerger is granted, Vedanta group companies may seek fresh lines of credit from their current creditors to obtain growth capital ....
Sudip Bandyopadhyay discusses the underinvestment in metals, the increasing demand due to infrastructure projects, the impact of China and global factors, and the potential for Vedanta stocks with a target price of Rs 500+. In the short-term, he is looking forward to a 10% upside from here on as well. ....
Vedanta Ltd intends to divest its steel business only if it receives the appropriate valuation, according to Chairman Anil Agarwal. Despite a strategic review initiated in June 2023 and plans for a demerger by March 2024, Vedanta remains committed to running the profitable steel segment. ....