Vedanta's Strategic Moves: A Rs 30,000-Crore War Chest and Upcoming Demerger

Vedanta Ltd, led by Anil Agarwal, has raised Rs 30,000 crore through a mix of QIP, OFS, and dividends to pursue deleveraging and growth. The funds are aimed at reducing debt and focusing on transformational projects. The company's strong financials and upcoming demerger are set to attract significant investments.

Vedanta Ltd, under the leadership of Anil Agarwal, has assembled a formidable war chest worth Rs 30,000 crore. This fund was accumulated through a combination of Qualified Institutional Placement (QIP), Offer For Sale (OFS), and dividend, insiders revealed.

The Rs 8,500 crore QIP, Rs 3,200 crore OFS, and Rs 5,100 crore from the second interim dividend, along with existing cash reserves of Rs 13,000 crore, contribute to this financial arsenal. Upon the fund reception, Vedanta aims to utilize it for accelerated debt reduction, capital structure enhancement, and advancing transformational projects, sources stated.

Additionally, Vedanta posted a robust performance with a 54% year-on-year profit increase for the first quarter, amounting to Rs 5,095 crore. The company's ambitious demerger plan and transformative projects are anticipated to unlock further value and drive growth, aiming to attract investments from Indian and global stakeholders.

(With inputs from agencies.)