Vedanta Launches Rs.8,500 Crore QIP

16 Jul 2024 CW Team

Vedanta Limited, a leading global natural resources company, has initiated a ?8,500 crore Qualified Institutional Placement (QIP) at a floor price of ?461.26 per share. This strategic move aims to raise substantial capital to support the company?s growth initiatives and strengthen its financial position.

The QIP is part of Vedanta's broader strategy to enhance its capital base, reduce debt, and finance its expansion projects. By setting the floor price at ?461.26 per share, Vedanta seeks to attract significant institutional investment, reflecting confidence in the company?s long-term prospects and operational strength.

Vedanta's decision to launch this QIP comes amidst a dynamic market environment, where raising capital is crucial for maintaining competitive edge and funding critical projects. The funds raised through this placement will be pivotal in driving the company?s ongoing and future projects, ensuring sustained growth and value creation for shareholders.

This move is expected to have a positive impact on Vedanta?s balance sheet, enabling the company to manage its liabilities more effectively and invest in high-potential areas within its diverse portfolio, including mining, oil and gas, and power generation. It also signals Vedanta?s proactive approach in navigating financial markets and leveraging opportunities for capital augmentation.

In conclusion, Vedanta's ?8,500 crore QIP at a floor price of ?461.26 per share represents a significant financial maneuver aimed at bolstering the company's growth trajectory and ensuring robust financial health. As the company continues to execute its strategic plans, this capital infusion is anticipated to play a critical role in supporting Vedanta's ambitious goals and enhancing shareholder value.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..