Page 6 - Anil Agarwal
Vedanta mulls group restructuring; separate listing of businesses
Billionaire Anil Agarwal's Vedanta Ltd on Wednesday said it is mulling a group restructuring that may include demerger and listing of the aluminium, iron & steel, and oil and gas businesses as standalone entities. In a stock exchange filing, the firm said its board has constituted a committee of directors to evaluate and recommend options to restructure the group. "The Board of Directors of the Company has decided that, considering the scale, nature, and potential opportunities for various business verticals of the company, the company should undertake a comprehensive review of the corporate structure and evaluate a full range of options and alternatives (including demerger(s), spin-off(s), strategic partnerships etc.) for unlocking value and simplification of corporate structure," it said. Subject to a detailed evaluation, it is the intention that the aluminium, iron & steel, and oil and gas businesses would be housed in standalone listed entities, it added. This is the with .
 "Vedanta mulls group restructuring; separate listing of businesses")
Sebi warns Vedanta over related-party transactions worth Rs 1,407 cr
Capital market regulator SEBI has warned billionaire Anil Agarwal's Vedanta Ltd for executing Rs 1,407 crore of related-party transactions without prior approval of the audit committee
 "Sebi warns Vedanta over related-party transactions worth Rs 1,407 cr")
Anil Agarwal-led Vedanta eyes buying govt's stake in Hindustan Copper
Agarwal says due diligence is being done and that the company is waiting for date of Hind Copper's privatisation to be announced
 "Anil Agarwal-led Vedanta eyes buying govt's stake in Hindustan Copper")
NCLAT admits Dhoot's petition against Anil Agarwal's Twin Star takeover bid
The appellate tribunal has issued notices to the resolution professional, lenders and Twin Star Technologies directing them to file a reply by September 17
 "NCLAT admits Dhoot's petition against Anil Agarwal's Twin Star takeover bid")
Vedanta seeks premium over govt rates for gas from Assam block
Billionaire Anil Agarwal's Vedanta Ltd is seeking a premium of at least $1 over the government-mandated price for the natural gas it plans to produce from its Assam block.
 "Vedanta seeks premium over govt rates for gas from Assam block")
Vedanta committed to bring in investments of up to $20 bn: Anil Agarwal
Agarwal was addressing the shareholders during 56th Annual General Meeting of the company.
Anil Agarwal's Sterlite Power Transmission hires two banks for IPO
The IPO will mainly consist of new shares, and more bankers may be added as plans progress
 "Anil Agarwal's Sterlite Power Transmission hires two banks for IPO")
Mamata govt contacted me soon after returning to power: Anil Agarwal
Vedanta chairman Anil Agarwal on Monday said the Mamata Banerjee government had contacted him within a fortnight of her party's return to power for investments in West Bengal
 "Mamata govt contacted me soon after returning to power: Anil Agarwal")
2020 was very unusual year for all, Vedanta was no different: Chairman
Mining baron Anil Agarwal has stated that 2020 was a "very unusual year" for all and as a large natural resources company, Vedanta got its fair share of challenges.
Anil Agarwal-led Vedanta Limited plans $5-billion capex for 3 years
A major chunk of this capex would go into oil and gas business
 "Anil Agarwal-led Vedanta Limited plans $5-billion capex for 3 years")
Anil Agarwal Foundation pledges Rs 5,000 crore for rural India
Anil Agarwal Foundation (AAF) will be the umbrella entity of Vedanta's social initiatives provide all-round development to work towards these goals over the next five years
Videocon to give Anil Agarwal's group majority stake in Ravva oilfield
Billionaire Anil Agarwal's metals-to-oil group said it will make an upfront payment of almost USD 40 million for the acquisition of Videocon Industries Ltd it will become largest shareholder.
 "Videocon to give Anil Agarwal's group majority stake in Ravva oilfield")
Vedanta Group in talks with govt to set up display fabrication unit
If it succeeds, India will get its first such facility
 "Vedanta Group in talks with govt to set up display fabrication unit")
Top headlines: Modi warns against second Covid-19 wave, speaks to CMs
Business Standard brings you a snapshot of news pieces which made it to the headlines today
 "Top headlines: Modi warns against second Covid-19 wave, speaks to CMs")
Billionaire Anil Agarwal sweetens offer for Vedanta Ltd shares by 47%
London-based Vedanta Resources Ltd. will now seek to buy 17.51% of Mumbai-listed Vedanta Ltd. at 235 rupees ($3.24) a share, it said in an exchange filing
Top headlines: AstraZeneca says vaccine safe, bank strike hits services
Business Standard brings you top news of the day
 "Top headlines: AstraZeneca says vaccine safe, bank strike hits services")
Vedanta's dues, rising interest rates sound trouble for Anil Agarwal
Vedanta Resources has $3.3 billion due between April 2021 and September 2022, only 65% of which will be covered by the dividends from its units
Cairn Oil & Gas seeks bids for sale of natural gas from Rajasthan block
Cairn Oil & Gas, Vedanta's oil and gas arm, produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan, the firm said in a notice
 "Cairn Oil & Gas seeks bids for sale of natural gas from Rajasthan block")
Anil Agarwal, Centricus to invest $10 billion in Indian companies
It's not clear whether the partnership will be through Vedanta Group firms
 "Anil Agarwal, Centricus to invest $10 billion in Indian companies")
Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest
Agarwal made a fortune buying state companies and fixing them up, building a metals and mining powerhouse under the umbrella of Vedanta Resources Ltd
 "Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest")
