vedanta stock update

Vedanta Q1 Preview: Revenue may go up by up to 15% YoY; 59% uptick in EBITDA seen

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Vedanta Q1 Preview: Revenue may go up by up to 15% YoY; 59% uptick in EBITDA seen

Metal major Vedanta is expected to report its net profit in the range of Rs 2,197 crore to Rs 3,060 crore for the quarter ended June 30, 2024, according to estimates by three brokerages. Meanwhile, the revenue is estimated at Rs 35,440 crore – Rs 38,674 crore for the said quarter. The estimates have been … Read more

Vedanta to use Rs 8,500 crore QIP to repay Union Bank of India, Oaktree and Deutsche Bank

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Vedanta to use Rs 8,500 crore QIP to repay Union Bank of India, Oaktree and Deutsche Bank

Vedanta Limited, the metals to oil conglomerate, plans to use the proceeds of QIP for repaying or prepaying lenders, including Oaktree, for the company and its subsidiary The Zinc Ventures Limited (THLZV). The funds raised will help reduce overall indebtedness, cut debt servicing costs, and improve the debt-to-equity ratio. It will enable better utilisation of … Read more