In a notable development, Vedanta Ltd, under the leadership of Anil Agarwal, has received approval from its board to proceed with an Offer For Sale (OFS) of its 2.6% stake in Hindustan Zinc (HZL). The board’s decision authorizes the sale of up to 110 million equity shares of Hindustan Zinc, a move that is set to raise approximately ₹6,450 crore at the current share price of ₹586.00 on the…
On August 6, 2024, Vedanta Ltd, led by billionaire Anil Agarwal, announced impressive financial results for the first quarter ended June 30, 2024. The mining giant reported a substantial 36.5% increase in consolidated net profit, reaching Rs 3,606 crore compared to Rs 2,640 crore in the same period last year. This remarkable profit surge reflects the company’s robust performance and favorable…
