Vedanta Initiates Rs 85 Bn QIP at Rs 461.26 Per Share Floor Price

18 Jul 2024 CW Team

Vedanta Limited has launched a Qualified Institutional Placement (QIP) to raise Rs 85 billion, setting a floor price of Rs 461.26 per share. This strategic move aims to secure funds for the company's growth initiatives, including expansion projects and debt reduction.

The QIP issuance will enable Vedanta to attract investments from qualified institutional buyers, bolstering its financial position and supporting future business endeavours. The floor price of Rs 461.26 per share reflects the company's confidence in its market valuation and growth prospects amidst dynamic economic conditions.

Proceeds from the QIP are earmarked for various strategic purposes, such as funding organic growth projects across its diverse portfolio, including mining, metals, and energy sectors. Additionally, Vedanta plans to utilise the funds to strengthen its balance sheet by reducing debt, thereby improving financial flexibility and resilience.

The launch of the QIP underscores Vedanta's commitment to capitalising on favourable market conditions and investor confidence. The company aims to leverage this capital infusion to capitalise on emerging opportunities in the natural resources sector and enhance shareholder value over the long term.

Investor response to the QIP will be closely monitored, as it is expected to provide insights into market sentiment towards Vedanta's growth strategy and financial health. The successful completion of the QIP is anticipated to reinforce Vedanta's position as a leading player in India's industrial and commodities landscape.

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..