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Vedanta Resources Extends Takeover Deadline For Major Shareholder

Mon, 30th Jul 2018 17:50

LONDON (Alliance News) - Mining company Vedanta Resources PLC said Monday it has extended the deadline for its possible acquisition by majority shareholder Volcan Investments Ltd.

The deadline was been extended to Monday next week, at which point Volcan will be required to announce whether it does or does not intend to proceed with the acquisition.

Volcan already holds a 67% stake in Vedanta and on July 2 said that it would pay 825 pence per share for the remaining shares should the acquisition go ahead. This would value the company at GBP2.33 billion with the remaining share payout totalling GBP778 million.

Shares in Vedanta closed down 0.1% at 779.40 pence per share on Monday.

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29 Jan 2016 08:32

LONDON MARKET OPEN: Oil Rally And BoJ Rate Cut Boost Shares

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29 Jan 2016 08:20

Vedanta Resources' third quarter earnings halved

(ShareCast News) - Vedanta Resources' third quarter earnings have halved, as earnings from oil and gas have plummeted. The FTSE 250 miner said on Friday that group EBITDA was down 51% from $1.015bn (£706.7m) to $493.6m. Earnings from oil and gas were down substantially, dropping from $346m to $95.5

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29 Jan 2016 07:52

Vedanta Resources Third Quarter Revenue And Earnings Plummet

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25 Jan 2016 10:30

Vedanta Marks Final Shipment From Lisheen Mine In Ireland

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22 Jan 2016 16:03

Earnings, Trading Statements Calendar - Week Ahead

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22 Jan 2016 12:10

UPDATE 1-Zambia's 2015 copper output up despite power woes, weak prices

(Adds details, background) LUSAKA, Jan 22 (Reuters) - Zambia's copper production inched higher to 711,515 tonnes in 2015 from 708,000 tonnes the previous year mainly due to a new mine owned by Canada's First Quantum Minerals, the Chamber of Mines said on Friday. An electricity shortag

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19 Jan 2016 14:44

FTSE 250 movers: Ocado leads market after Amazon bid rumours

(ShareCast News) - The FTSE 250 was firmly in the black on Tuesday, rising 152.56 points (0.96%) to 16,111.37 by mid-afternoon. Shares in Ocado were flying as rumours of a bid from Amazon resurfaced. The US internet retail giant was reported to be working on a potential approach for the FTSE 250 on

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19 Jan 2016 12:19

India's top court delays government plan to sell Hindustan Zinc stake

NEW DELHI, Jan 19 (Reuters) - India's top court on Tuesday asked the government to not proceed with any sale of its minority stake in Hindustan Zinc, a senior government official said, further delaying majority owner Vedanta Resources Ltd's bid to take total control. "We were not in a hurry

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19 Jan 2016 08:20

BUZZ-London's miners rise as copper hits 1-wk high

** Shares in London's miners at the top of the FTSE 100 after copper hits its highest in more than a week as China's Q4 growth met expectations ** Copper hit multi-year lows last week, hurting battered commodities stocks ** Anglo American, Glencore, Antofagasta , Rio Tinto, BHP Billit

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18 Jan 2016 15:25

FTSE 250 movers: Miners a drag on second tier

(ShareCast News) - The FTSE 250 continued to slide on Monday, dropping 188.52 points (1.17%) to 15,972.08 by mid-afternoon. Vedanta Resources led a bunch of miners featuring on the fallers list, after JP Morgan Cazenove re-evaluated its stance on the mining sector. In a note released on Monday, the

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12 Jan 2016 09:59

BROKER RATINGS SUMMARY: Jefferies Boosts Berkeley And Barratt To Buy

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7 Jan 2016 14:47

FTSE 250 movers: Worsening conditions sees Poundland pounded

(ShareCast News) - Stocks on the FTSE 250 plunged on Thursday, before recovering somewhat by the afternoon. The second-tier market was down 278.91 points (1.63%) to 16,780.07 by mid-afternoon. Poundland was the market's biggest victim after it said that disastrous trading conditions in November con

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6 Jan 2016 09:53

Vedanta appoints new India metals chief

(ShareCast News) - Vedanta Resources' subsidiary Vedanta Limited has appointed Samir Cairae to head up the company's India metals division. Cairae, who is an is an electrical engineer from IIT-Kanpur, has previously held various leadership positions at Lafarge and Schlumberger The company said the

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5 Jan 2016 14:31

FTSE 250 movers: Home Retail surges as Sainsbury's indicates another takeover offer

(ShareCast News) - The FTSE 250 was in the black by mid-afternoon Tuesday, up 60.04 points (0.35%) to 17,182.19. Home Retail Group surged after Sainsbury's revealed it is still considering making a takeover offer for Home Retail after a November approach for the FTSE 250 retail group was rejected.

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22 Dec 2015 15:14

FTSE 250 movers: China stimulus hopes boost commodity producers

(ShareCast News) - The FTSE 250 was up 0.49% to 17,162.29 points, led by mining companies after China's government hinted at further stimulus measures. The Chinese government said monetary policy must be more "flexible" and fiscal policy more "forceful" , according to a statement release at th

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