Billionaire Anil Agarwal-led Vedanta Resources will have enough liquidity until December 2023, said S&P, after securing about $1 billion funding at one of its operating companies.
iPhone 14 series to launch today. All you need to know about Apple's 'Far Out' event, the biggest tech gig of 2022Apple to launch iPhone 14, Watch Series
Vedanta taps Gulf funds, explores 10% stake sale in India unit vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Latest News at LatestLY. Mining giant Vedanta on Monday announced the third interim dividend of Rs 17.50 per equity share for the current financial year, amounting to Rs 6,505 crore. Latest News | Vedanta Announces Third Dividend of Rs 17.50 Per Share.
Here are the top stocks that are likely to be in focus today:
Muthoot Finance: The company is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29.
Reliance Industries: Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
Ashok Leyland: The company said it has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The first unit -- Switch Mobility Automotive Ltd -- is being formed to carry on the electric vehicle strategy in India and forms part of its global entity. The second subsidiary -- OHM Global Mobility Pvt Ltd -- will focus on providing mobility as a service offering.