SEBI puts Vedanta Group’s Sterlite Electric IPO on hold
SEBI has kept the company’s IPO observations “in abeyance,” without specifying any reason for its decision, according to an update on the SEBI's official website.
SEBI has kept the company’s IPO observations “in abeyance,” without specifying any reason for its decision, according to an update on the SEBI's official website.
Earlier on Thursday, Vedanta Group Chairman Anil Agarwal called on Chief Minister Mohan Charan Majhi at the state secretariat and apprised him of the group’s proposed industrial projects in the state.
The Mumbai-based Vedanta Group has dismissed a report released by New York-based short-seller Viceroy Research LLC on Wednesday as "baseless", adding that "it's a malicious combination of selective misinformation" intended to "discredit" the Vedanta Group.
This assurance was reaffirmed by the Group Chairman Anil Agarwal at a meeting on breakfast with Chief Minister Bhajan Lal Sharma at the former's residence in London.
Vedanta Group on Sunday said that Mangala oil field of Cairn Oil & Gas in Rajasthan, which is India’s largest onshore oilfield and is playing a driving role in realizing the country's goal of self-reliance.
The company’s CSR expenditure has been spread across the core impact areas of education, health, sustainable livelihoods, women empowerment, sports and culture, environment, and community development.
Officials said the assumption that Vedanta's delisting would have been successful at a price of Rs 140 was "completely misplaced".
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