Stay updated with breaking news from 0aktree. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
On Monday, the mining company declared its first interim dividend for financial year (FY) 2023-24 worth Rs 18.5 per share. The record date has been set as May 30, 2023. The payout by the mining major towards this will be Rs 6,877 crore, Vedanta said in a regulatory filing to the exchanges.
Vedanta Group secures a $850 million five-year loan with JPMorgan and Oaktree, addressing its debt burden.
Billionaire investor says higher interest rates and slower growth are about to put $1.5tn market to the test
The Committee of Creditors (CoC) decided on the new date in a meeting held on Tuesday.
The central bank subsequently filed an application for initiation of CIRP against the company at the Mumbai bench of the National Company Law Tribunal.