May 21, 2024
Funds

Blackrock, ADIA, domestic funds hike stake in Vedanta

New Delhi: The world’s largest asset manager BlackRock, as well as the Abu Dhabi Investment Authority (ADIA), along with domestic mutual funds like ICICI Mutual Fund and Nippon India Mutual Fund have increased their holdings in Vedanta by almost 2 per cent during the last four months, said market participants. At the same time, foreign

Read More
Investment

Vedanta to infuse over ₹50,000 crore investment across businesses to add atleast $2.5 billion to annual EBITDA

Mining conglomerate Vedanta said that it plans to inject $6 billion ( ₹50,000 crore) into various sectors including aluminium, zinc, iron ore, steel, and oil and gas. Their objective is to augment annual EBITDA by a minimum of $2.5 billion ( ₹20,750 crore), executives were quoted as saying in investors meeting by PTI. They revealed

Read More