Vedanta Ltd raises Rs 30,000 cr for deleveraging, growth, and inorganic opportunities through QIP, OFS, and dividends.

Anil Agarwal's Vedanta Ltd raises Rs 30,000 crore war chest through QIP, OFS, and dividends, aiming to accelerate deleveraging, improve capital structure, fund growth and development, and pursue inorganic opportunities. Vedanta's recent financial performance shows strong debt reduction and cost control, making it on track for its deleveraging and free cash flow generation strategy. A planned demerger is expected to create sector-focused independent businesses, attracting investment opportunities for Indian and global investors.

August 26, 2024
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