Articles for tag: Aims, Asset, Billion, Bold, Demerger, Global, Industry, Investing, Leaders, Management, Ownership, Transform, Vedantas

September 8, 2024

Vedanta’s bold demerger aims to transform asset management into ownership, investing .9 billion to become global industry leaders.

Vedanta’s bold demerger aims to transform asset management into ownership, investing $1.9 billion to become global industry leaders.

Vedanta Ltd is undergoing a major transformation with a proposed demerger of its various business units, which cover over 15 commodities. This strategic move aims to transition the company from asset managers to asset owners, allowing it to create independent companies focused on sectors like aluminium, oil and gas, power, and steel. With 75% approval ...

September 4, 2024

Market News

Business

Vedanta’s Credit Rating Soars: A Strategic Leap Towards Financial Strength

ICRA has upgraded Vedanta Ltd’s long-term credit rating from AA- to AA, highlighting the company’s improved credit profile. This change comes after Vedanta successfully raised $1 billion through a qualified institutional placement in July and an additional $400 million from selling shares of Hindustan Zinc Ltd in August. The upgrade reflects significant strategic growth initiatives ...