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Stock impact report

India's Vedanta says Anglo American stake buy meets governance requirements [Reuters]

Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL) 
Company Research Source: Reuters
India's Vedanta says Anglo American stake buy meets governance requirements | Reuters 1 Min Read (Reuters) - Indian miner Vedanta Ltd said here on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American Plc met all governance requirements. Vedanta’s statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns. The miner said on Thursday that Cairn India had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its “cash management activities”. Reporting by Tanvi Mehta in Bengaluru; Editing by Shreejay Sinha All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. India's Vedanta says Anglo American stake buy meets governance requirements (Reuters) - Indian miner Vedanta Ltd said here on Monday that its foreign unit Cairn India H Show less Read more
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