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Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 134592.59 Crore) operating in Auto sector.

Vedanta Holdco plans $1.5-billion notes issuance

Updated at : 2024-09-03 08:20:02

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Vedanta Resources plans to raise up to $1.5 billion through a five-year dollar bond sale, aiming to refinance existing debt and reduce borrowing costs. Managed by major banks, the issue seeks to refinance bonds due in 2027 and 2028. The bond sale is expected to open next week after investor meetings in key financial hubs.

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Orkla India, owner of MTR and Eastern spices, is in early discussions to raise around $300 million via an IPO. The company aims to list between June and November 2025. With sales restructuring in 2023, the brand is preparing for capital market opportunities.

Vedanta declared a ₹20 per share dividend, its third interim payout this fiscal year, totaling ₹7,821 crore, with a record date of September 10, following earlier dividends in May and July.

A Sebi study has found that 70% of individual investors sell their IPO shares within a year. Investors are more likely to sell shares posting positive returns quickly. The study also highlights a decline in high networth individual participation post-April 2022. Most IPO investors come from Gujarat, Maharashtra, Rajasthan, and Uttar Pradesh.

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A senior Sebi official has urged stock exchanges to deny public listings for small and medium enterprises (SMEs), citing the inflation of balance sheets and lack of proper auditing. Over ₹14,000 crore have been raised through these listings in the past decade, with around ₹6,000 crore raised in FY24.

Australian shares fell 0.4% on Tuesday, driven down by declines in mining and consumer staples stocks. Investors were cautious ahead of local economic data and a key U.S. labour report. Leading miners and retail giants faced significant losses, reflecting thin trading influenced by a U.S. public holiday.

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