Vedanta extends DEMERGER DEADLINE by September 30 and withholds GOVT and NCLT approval.
The company announced on Friday’s late development. Vedanta’s stocks ended with NSE’s RS 462.90 and reduced to RS 9.45 or 2%.
Large -up companies are trying to release businesses such as aluminum, petroleum and gas, power and steel into business in business with separate entities. The project is currently used in the Indian Vedanta LTD of the UK -based Vedanta resources.
Posting DEMERGER will allow all Vedanta shareholders (retail and institutions) to receive a new stake in each newly deadly company.
The letter said that there will be no change in the overall stock retention structure.
ANIL Agarwal, chairman of the company, said in a letter of recent shares in the early five years, investing in the company in the early five years. He argued that the yield was a combination of capital audits and cash dividends, which delivered a dividend yield of 81%during this period of metal and mining companies. “At the beginning of the last five years, the person who invested in Vedanta would have seen more than 4.7 times more than 4.7 times more than the capital audit and cash dividends.” Vedanta’s unique and unsatisfactory assets, sector -driven status, strong global management and financial discipline will guarantee strong growth and higher profits. It was well captured by many tops
Brokerage and major analysts, ”said the letter.
Recently, 99.5%of shareholders and creditors voted in favor of our boundaries in shareholder votes, security and unsecured creditors.
Agarwal thought that each four new companies could potentially grow into a $ 100 billion company.
Vedanta also said the company is currently contributing to 1.4%of Indian GDP.
Listed on the Indian Exchange in 1998, Vedanta will have more than 63.4% of Hindus Stan Zinc (Hzl).
Hzl is an integrated producer of zinc and silver.
(disclaimer: Recommendations, suggestions, views and opinions provided by experts are itself. They do not indicate the views of the economic age)
