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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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27 Oct 2015 13:18

UPDATE 1-India's Vedanta hit by commodity slump, eyes rosier year end

(Adds management comments) MUMBAI, Oct 27 (Reuters) - India's Vedanta Ltd posted a more than 40 percent drop in its quarterly net profit, as a global commodity slump dented earnings from its oil, gas and mining operations, but the resources group said it expected a "better" second half.Read more

27 Oct 2015 11:16

Vedanta second quarter profit tumbles on weak commodity prices

(ShareCast News) - Mining group Vedanta Resources posted a sharp decline in quarterly profits, as the group continued to be hampered by the worlwide weakness in oil and gas prices. In the three months to the end of September, the FTSE 250 group said its pre-tax profit tumbled 40.9% year-on-year to 9

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21 Oct 2015 12:44

Vedanta Subsidiary Cairn India Shows Second-Quarter Profit Drop

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20 Oct 2015 16:05

LONDON MARKET CLOSE: Stocks Mixed As Oil-Related Stocks Limit Progress

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20 Oct 2015 12:34

Vedanta Resources denies reports that CEO Albanese is leaving

(ShareCast News) - Vedanta Resources denied media speculation that its chief executive officer Tom Albanese is leaving the company. "Vedanta notes the recent media speculation about senior management changes. Vedanta strongly denies this speculation which is completely baseless and would like to sta

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20 Oct 2015 11:29

Vedanta Resources Denies Speculation That CEO Albanese Is Leaving

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19 Oct 2015 12:04

Vedanta Says Hindustan Zinc Second Quarter Production Rises

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14 Oct 2015 14:39

Vedanta will not cut zinc output as costs are low - CEO

JOHANNESBURG, Oct 14 (Reuters) - The chief executive of Vedanta Resources said on Wednesday the mining company had no plans to cut zinc output but could adjust the development of its South African operation depending on prices. Weak commodities prices prompted heavyweight miner and trader G

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13 Oct 2015 07:39

LONDON MARKET OPEN: SABMiller Rises But FTSE 100 Hit By China Data

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9 Oct 2015 16:10

LONDON MARKET CLOSE: FTSE 100 Extends Run Of Gains To Eight Sessions

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9 Oct 2015 14:08

FTSE 250 movers: Vedanta gains on production report

(ShareCast News) - London's FTSE 250 index edged higher on Friday and by 1500 BST was up 0.6% to 17,111.22, rising in line with the broader markets as investors welcomed dovish minutes from the Federal Reserve. Vedanta Resources surged after saying production rose in the first half across most of it

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9 Oct 2015 11:15

LONDON MARKET MIDDAY: Miners' Rally And US Fed Minutes Lift Indices

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9 Oct 2015 11:13

London midday: Rally in mining stocks boost equities

(ShareCast News) - The FTSE advanced on Friday at midday, driven by a rally in mining stocks as metal prices rose. Glencore led mining shares higher as investors welcomed its decision to cut 500,000 tonnes or around a third of its annual zinc production as it looks to combat declining prices. "This

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9 Oct 2015 09:39

WINNERS & LOSERS SUMMARY: Glencore Leads Gainers As It Cuts Production

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9 Oct 2015 08:42

UPDATE: Vedanta Reports Rise In Production Across Commodities

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