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Vedanta chairperson Anil Agarwal said, They are fundamental to new age technologies whether those related to energy transition (solar PV cells, batteries, EVs) or in technologies related to artificial intelligence (advanced semiconductors).

The Anil Agarwal-led Vedanta is well-placed to benefit from commodity upcycle given its diversified exposure, CLSA said. Efforts to increase capacity and profitability across segments auger well, it said.

The company expects projects pipeline in place to add $6 billion to topline, $2.5-3 billion to EBIDTA.

Vedanta is required to comply with aforesaid direction. Sebi, on expiry of 45 days from the date of this order, may initiate appropriate action against Vedanta for such failure.

Vedanta share price target: Nuvama expects a dividend per share (DPS) of Rs 40 each in FY25E and FY26E. For now, the brokerage has reiterated its ‘BUY’ rating on the Vedanta stock with a revised target price of Rs 394 from Rs 371 earlier.

Vedanta bulk deal: The promoter group entity sold 65,518,600 Vedanta shares, or 1.7 per cent stake, on BSE, at an average price of Rs 265.14 apiece, worth Rs 1,737.16 crore.

S&P Globals 2023: Vedanta, an arm of Vedanta Resources Ltd, is one of the worlds leading natural resources companies spanning across countries, including India, and South Africa. It has significant operations in sectors like oil and gas, zinc, lead, silver, copper and iron ore.

Agarwal, who is counted among India’s richest, had a humble beginning. His grit and mettle might have taken him places now, but the meek Patna boy who could only speak two words in English – “yes” and “no” -- had started out as a scrap dealer in the 1970s.

Vedanta demerger: For every share of Vedanta, shareholders will receive one share of each of the five newly listed companies, it said.

As of June 2023 end, promoter group i.e. Vedanta Resources held 68.11 percent in Vedanta Limited or 253 crore shares. This entire holding is pledged with lenders