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The merger took place in August 2013 and the consolidated group was then called Sesa Sterlite Ltd (now Vedanta Limited). [20] In June 2018, Vedanta acquired 90% stake in Electrosteel Steels, a steel producer. [21] In September 2018, the company announced that Anil Agarwal would be taking Vedanta Resources private on 1 October 2018. [22]
On 26 May 2002, the Enforcement Directorate filed a show cause notice with Sterlite, relating to the six-year period between 1993 and 1999 when Twinstar acquired the shares of Sterlite and various investment companies – such as Dwarka Prasad Anil Kumar Investments Private Limited, Pravin Navin Investment & Trading Private Limited and Sterlite ...
Vedantu raised US$11 million in a series B funding round led by Silicon Valley impact investment firm Omidyar Network and also contributed by its existing investor Accel Partners. [16] On 29 August 2019, Vedantu announced that it had raised US$42 million in a series C financing round for expansion in India. [17]
Investment income may receive a favorable tax treatment depending on your account type and length of hold period. While you pay the same tax rates as ordinary income on short-term capital gains on ...
Anil Agarwal through his Vedanta group has made several investments in various Indian states. [30] He had invested ₹80000 crore earlier in Odisha, with an additional investment of more than ₹25000 crore for expansion of its Aluminium, Ferrochrome and mining business in the state. Vedanta has invested nearly 4% of Odisha's GDP in 2022.
Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. On Friday, shares in ...
For cryptocurrency investors especially, “The Wolf of Wall Street” can serve as a powerful reminder to do your due diligence before making any investment. 3. The Big Short (2015)
Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium.It is a subsidiary of Vedanta Limited. [4] Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003.
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