Sesa Sterlite shares down over 3% on CBI investigation

Last Updated: Tuesday, December 24, 2013, 13:50

Shares of Sesa Sterlite on Tuesday fell by over 3 percent after the CBI registered a preliminary enquiry against Vedanta Group Chairman Anil Agarwal and unknown officials in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL).

HZL disinvestment: CBI registers PE against Vedanta Chairman

Last Updated: Monday, December 23, 2013, 20:36

CBI has registered a preliminary enquiry against Vedanta Group Chairman Anil Agarwal in connection with alleged irregularities in the disinvestment of Hindustan Zinc Ltd (HZL) during the period of NDA government.

FinMin for auction of stake in HZL, says Par nod not needed

Last Updated: Thursday, October 31, 2013, 17:42

The Finance Ministry has recommended auction of government's minority holding in erstwhile state-run firm Hindustan Zinc saying Parliament approval on selling its residual stake is not needed as the company can no more be classified as a PSU, sources said.

Vedanta gets shareholders' nod to raise offers for HZL, Balco

Last Updated: Wednesday, October 30, 2013, 22:49

Shareholders of mining conglomerate Vedanta Resources on Wednesday approved proposals to empower the company to raise offers for acquiring remaining government stake in Hindustan Zinc and Balco by up to 43 percent or up to Rs 24,663 crore.

Govt wasting time on finalising HZL stake sale: Vedanta

Last Updated: Thursday, October 24, 2013, 21:42

Mining conglomerate Vedanta Resources Thursday said the government is "unnecessarily spending so much time" on taking a final call on selling its remaining stake in Hindustan Zinc and it needs to take a decision at the earliest on the issue.

Hindustan Zinc Q2 profit up 6.52% at Rs 1,640.25 cr

Last Updated: Wednesday, October 23, 2013, 19:26

Hindustan Zinc, a Vedanta group company, Wednesday reported a 6.52 percent increase in its net profit to Rs 1,640.25 crore for the quarter ended September 30, 2013, as its performance was affected by lower other income and expenses on voluntary retirement scheme (VRS).

Vedanta seeks blessing for $3.5 bn India buyout offers

Last Updated: Wednesday, October 16, 2013, 18:26

Mining group Vedanta has asked shareholders to renew their backing for an offer of up to USD 3.48 billion to buy government minority stakes in two of its subsidiaries, as it seeks to streamline its structure.

Vedanta to hike offer to $4 bn for more stakes in Balco, HZL

Last Updated: Tuesday, October 15, 2013, 23:50

Sweetening its long pending offer, mining conglomerate Vedanta Resources will hike the total offer price for acquiring more stakes in Hindustan Zinc and Balco to nearly USD 4 billion (more than Rs 24,800 crore), 43 percent higher than its last year's proposal.

Yet to hear from govt on HZL, Balco stake sale: Vedanta

Last Updated: Wednesday, October 9, 2013, 18:53

Vedanta Resources is yet to hear anything "officially" on disinvestment of Hindustan Zinc and Balco, but sees "conviction" on part of the government to move ahead with the proposed stake sale, a top company official said Wednesday.

'Open to all routes for buying remaining stakes in HZL, Balco'

Last Updated: Wednesday, September 25, 2013, 19:06

Vedanta group is open to any method for acquiring remaining stakes in Hindustan Zinc and Balco and would participate in the auction if the government takes that route to divest its residual stakes in the two erstwhile PSUs, a top official of the mining major has said.

Mines Min to send report on HZL, Balco to PMO after study

Last Updated: Wednesday, September 25, 2013, 18:09

Mines Minister Dinsha Patel Wednesday said his Ministry would send the requisite report to the Prime Minister's Office (PMO) on sales of residual stakes in Hindustan Zinc (HZL) and Balco after going through all pros and cons minutely.

FMC slaps additional 5% margin on base metals; may hit traders

Last Updated: Sunday, September 8, 2013, 17:50

Commodity market regulator FMC has imposed an additional margin of five percent on base metals trading in futures, to tackle volatility in the market.