These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as "will," "may," "should," "continue," "anticipate," "believe," "expect," "plan," "appear," "project," "estimate," "intend," or other words or phrases of similar import. Holders are advised to read carefully the Tender Offer Memorandum, available on the Tender Offer Website, for full details of and information on the procedures for participating in the Tender Offer. Read about our approach to external linking. The Company expects to complete and settle the Financing Transaction on December 21, 2020, which would satisfy the Financing Condition (as defined in the Tender Offer Memorandum) of the Tender Offer. About 57% of the total orders were placed from Asia Pacific. Anil Agarwal-controlled Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group to meet the liquidity needs. Securities may not be offered or sold in the United States or to, or for the account or benefit of U.S. persons absent registration pursuant to the Securities Act, or an exemption from registration. Share this article. New Delhi, Dec 24 (PTI) London-based Vedanta Resources Ltd (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 per cent by buying from open market shares worth Rs 2,959 crore. NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. The Tender Offer does not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. Latest news and coverage 22 Mar 2019 KCM gets a new CEO www.lusakatimes.com 17 Mar 2019 Statement regarding protest at Lanjigarh plant 06 Mar 2... News transforming elements – the story of Vedanta Resources London-based Vedanta Resources Ltd (VRL) last week raised its stake in Vedanta to 55.11 per cent by buying from open market shares worth Rs 2,959 crore. The government of Zambia has defended its efforts to kick London-based copper miner Vedanta Resources out of the country, in an escalating row … … Any tender of Notes for purchase pursuant to the Tender Offer from a Holder that is unable to make these representations will not be accepted. Vedanta plans to inject Rs 15000 cr in Odisha. The Early Tender Deadline of the Tender Offer occurred at 5:00 P.M., New York City time, on December 17, 2020 (such time and date, the "Early Tender Deadline"). News provided by. Vedanta Resources Limited Dec 18, 2020, 09:58 ET. LONDON, Dec. 18, 2020 /PRNewswire/ --. All news about VEDANTA RESOURCES: 2018: Vedanta says will invest $700-$800 million in South Africa smelter: RE Tel: +91 124 459 3000. Vedanta Resources currently owns 51.06% of Vedanta Ltd. On Wednesday, the stock closed at 90.1 rupees, down nearly 42% so far this year. Villagers brought the case for compensation over alleged pollution by the mining giant. Company profile page for Vedanta Resources Ltd including stock price, company news, press releases, executives, board members, and contact information Indian mining company Vedanta Resources Plc named a former CEO, Kuldip Kaura, to again lead the company on an interim basis as it looks for a new head to replace Tom Albanese, who is leaving the company on … It made the purchase through block deals. Reuters Under-fire mining conglomerate Vedanta Resources has been valued at £2.3bn in a deal "agreed in principle" that would give chairman Anil Agarwal’s family trust Volcan Investments … Under the offer, shareholders will also be entitled to receive the previously announced dividend of US$0.41 per Vedanta share. The firm is offering the securities with initial price guidance in the 14.5% area, according to a person familiar with the matter. Vedanta Resources’ effort to delist the Indian unit failed in October. Vedanta Resources Limited (formerly known as Vedanta Resources plc) is a globally diversified metals and mining, oil and gas and power generation company. Find Vedanta Resources news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur. The company came under criticism earlier this year after protestors were massacred outside the firm's southern Indian copper smelter. Vedanta’s 52-week high was Rs 179.95, where as its value of stake in Hindustan Zinc itself comes to about Rs 131 per share. LONDON, Dec. 18, 2020 /PRNewswire/ -- VEDANTA RESOURCES LIMITED (formerly known as Vedanta Resources … (Bloomberg) -- Vedanta Resources Ltd. has begun sounding out debt holders about the possibility of extending maturities on some of its dollar bonds to reduce refinancing pressures. The balance sheet and uncertainty among minority shareholders around dividend may put downward pressure on the company, Citi said in its second-quarter earnings review.. Moody’s Investors Service in a note said Vedanta Resources’ failed takeover of Vedanta … Separately, a unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group.. The Indian unit’s delisting will provide Vedanta Resources, which owns a 36.8 per cent stake in the unit, with enhanced operational and financial flexibility, as well as “transform” its credit profile, Vedanta Resources … Find Vedanta Resources news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities (including, without limitation, the New Notes being offered separately from, but concurrently with, the Tender Offer). LONDON, Jan. 5, 2021 /PRNewswire/ -- Vedanta Resources Limited (formerly known as Vedanta Resources plc) (the "Company") hereby announces the … However, no assurance can be given that the Financing Transaction will be completed successfully. Police open fire when a crowd opposed to a copper smelter unit storm government offices in Tamil Nadu. The two arms collectively personal 38.1% in Vedanta Ltd, which is a 50.1% subsidiary of Vedanta Resources. Neither this announcement nor the Tender Offer Memorandum is an offer document or a prospectus or a private placement offer letter or an offering circular under the Companies Act. bids, with asset managers taking up most of it. The firm launched the issuance on Friday. Any public offering of securities to be made in the United States will be made by means of an offering circular that will contain detailed information about the Company and its management, as well as financial statements. Moody’s Investors Service in a note said Vedanta Resources’ failed takeover of Vedanta heightens refinancing risk and is credit negative. The consideration offered to those who tendered on or prior to the Early Tender Deadline will be U.S.$1,000 per U.S.$1,000 principal amount of the Notes validly tendered and accepted pursuant to the Tender Offer (the "Early Tender Offer Consideration"). Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 percent public shareholders of Vedanta Ltd., the company had said. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd., according to separate exchange filings from Vedanta and the U.S. hedge fund. Vedanta Resources Ltd, the promoter entity of billionaire Anil Agarwal’s Vedanta Ltd, on Thursday bought 185 million shares or a 4.98% stake in the company for … London-based Vedanta Resources Ltd (VRL) last week raised its stake in Vedanta to 55.11 per cent by buying from open market shares worth Rs 2,959 crore. I am excited to join Vedanta as CEO for aluminium and power...", Kapur said. In addition, the Company hereby announces its decision to increase the Tender Offer Consideration (as defined in the Tender Offer Memorandum) from (i) U.S.$980 per U.S.$1,000 principal amount of Notes that are validly tendered at or prior to the Expiration Time (as defined below) but after the Early Tender Deadline that are accepted for purchase pursuant to the Tender Offer to (ii) U.S.$999.0 per U.S.$1,000 principal amount of Notes that are validly tendered at or prior to the Expiration Time but after the Early Tender Deadline that are accepted for purchase pursuant to the Tender Offer. This announcement contains both historical and forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Commenting on the offer, Anil Agarwal, Chairman of the Vedanta Group, said, "Vedanta Group continues its efforts to simplify the Group structure. India Business News: London-based Vedanta Resources Ltd (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 per cent by buying from open market shares wo VEDANTA RESOURCES LIMITED(formerly known as Vedanta Resources plc)(the "Company"), Offer to Purchase for Cash Any and All of the Outstanding 8.25% Bonds due 2021(CUSIP: G9328DAG5 and 92241TAG7; ISIN: USG9328DAG54 and US92241TAG76; Common Code: 063200760 and 063199974). (Bloomberg) -- A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. As previously contemplated by the terms of the Tender Offer Memorandum, in addition to payment of the Tender Offer Consideration, the Company will also pay accrued and unpaid interest on each of the Notes that are validly tendered at or prior to the Expiration Time but after the Early Tender Deadline that are accepted for purchase pursuant to the Tender Offer up to, but excluding, the Final Payment Date (as defined below) in respect of such Notes. Vedanta Resources’s latest bond received more than $1.9 billion of . The New Notes will only be offered in the United States to qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons under Regulation S under the Securities Act. Debt securities of Vedanta Resources have taken a beating after the group’s credit rating was downgraded by Moody’s Investor Services last week. The deadlines set by any intermediary or clearing system will be earlier than the deadlines set out above. Mining giant Vedanta Resources Ltd. kicked off an offering of dollar bonds with one of the highest yields in Asia this year, as pressures at the company mount. VEDANTA RESOURCES LIMITED (formerly known as Vedanta Resources plc) (the "Company")Offer to Purchase for Cash Any and All of the Outstanding 8.25% Bonds due 2021 Subject to the satisfaction or waiver of the other conditions in respect of the Tender Offer, the Company hereby announces that it has today elected to accept for purchase all of the Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline (the "Early Acceptance Date") and will pay the Early Tender Offer Consideration for the Notes validly tendered and accepted for purchase at the Early Acceptance Date on the Early Payment Date (as defined herein). Vedanta Resources Latest breaking news, pictures, photos and Video News. The Tender Offer is conditioned upon, among other things, the successful completion of the Company's concurrent offering (the "Financing Transaction") of new notes (the "New Notes") to be issued by a wholly owned subsidiary of the Company in reliance on an exemption from the registration requirements of the U.S. Securities Act of 1933 (the "Securities Act"). The offer of 825 pence per share represents a 27.6% premium to the London-listed firm's Friday closing price of 646.8 pence. If a jurisdiction requires the Tender Offer to be made by a licensed broker or dealer, and any of the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in such jurisdictions, the Tender Offer shall be deemed to be made by such Dealer Manager or such affiliate (as the case may be) on behalf of the Company in such jurisdiction. (Sharecast News) - Vedanta Resources posted its production and financial results for the first quarter on Monday, with average gross oil and gas production rising 4% year-on-year to 195 kboepd. Indian mining giant Vedanta Resources has been ordered by London High Court to pay over USD 100 million to a Zambian investment company related to a 2013 copper price agreement, the state … Vedanta Resources has standalone debt of $7.Three billion as of the tip of economic 12 months 2020, of which a time period mortgage of $1.9 billion is due by September 2022. (Bloomberg) -- Mining giant Vedanta Resources Ltd. was able to secure much-needed funds by selling $1 billion of notes at one of the highest yields for a dollar bond in Asia this year.The company priced the January 2024 bond on Wednesday at a yield of 13.875%, according to a person familiar with the matter, who asked not to be identified because they aren’t authorized to speak about it. Accordingly, the Tender Offer is not being made to the general public in the United Kingdom. Vedanta Resources News. Vedanta Resources Ltd, the promoter entity of billionaire Anil Agarwal’s Vedanta Ltd, on Thursday bought 185 million shares or a 4.98% stake in the company for ₹ … Explore more on Vedanta Resources. Under-fire mining conglomerate Vedanta Resources has been valued at £2.3bn in a deal "agreed in principle" that would give chairman Anil Agarwal’s family trust Volcan Investments the rest of the company. (Bloomberg) -- A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks … LONDON, Dec. 4, 2020 /PRNewswire/ -- Vedanta Resources Limited (formerly known as Vedanta Resources … News provided by. Any questions regarding the terms of the Tender Offer should be directed to the Dealer Managers. As such, the settlement date for the Notes which were validly tendered and not validly withdrawn on or prior to the Early Tender Deadline is expected to be December 22, 2020 (the "Early Payment Date"), subject to the terms and conditions described in the Tender Offer Memorandum. Share this article. News Vedanta Resources Limited Announces the Tender Offer Results as at the Early Tender Deadline and an Increase to the Tender Offer Consideration with respect to the Tender Offer for its 8.25% Bonds due 2021. A successful takeover of Vedanta would have enhanced the access to Vedanta’s cash flow, improving bond yields and refinancing options, it said. New Delhi, Dec 24 (PTI) London-based Vedanta Resources Ltd (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 per cent by buying from open market shares worth Rs 2,959 crore. bids, with asset managers taking up most of it. The Expiration Time of the Tender Offer will be 11:59 P.M., New York City time, on January 4, 2021, unless extended or earlier terminated (the "Expiration Time"). The order came after Indian police killed 13 protesters angry at alleged environmental damage. from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The Information Agent for the Tender Offer is: Morrow Sodali LtdEmail: [email protected]Tender Offer Website: https://bonds.morrowsodali.com/vedanta, Unit 1106, Level 11Two ChinaChem Central26 Des Voeux Road Central, 470 West Ave., Suite 3000Stamford, CT 06902. Find Vedanta Resources Plc Latest News, Videos & Pictures on Vedanta Resources Plc and see latest updates, news, information from NDTV.COM. The Company will arrange for cancelation of all Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline and accepted for purchase following purchase by the Company, and any Notes not validly tendered or accepted for purchase by the Company will remain outstanding and accrue interest in accordance with their terms. The Tender Offer is being made solely pursuant to, and will be governed by the terms and conditions of, the Tender Offer Memorandum. Similarly, statements that describe the Company's objectives, plans or goals also are forward-looking statements. According to the information provided by Morrow Sodali Ltd (the "Information and Tender Agent"), the information and tender agent for the Tender Offer, an aggregate principal amount of U.S.$478,894,000 of the Notes had been validly tendered and not validly withdrawn pursuant to the Tender Offer as at the Early Tender Deadline, representing 71.46% of the total principal amount outstanding of the Notes. A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. As a result, any Notes validly tendered on or after the Withdrawal Deadline and prior to the Expiration Time (as defined below) may not be withdrawn. Vedanta Resources Limited (formerly known as Vedanta Resources plc) (the "Company") hereby announces the results as of the Early Tender Deadline (as defined below) with respect to its previously announced offer to purchase for cash (the "Tender Offer") from each registered holder (each, a "Holder" and, collectively, the "Holders"), on the terms and subject to the conditions set forth in the tender offer memorandum dated December 4, 2020, as supplemented by the supplemental tender offer memorandum dated December 18, 2020,  prepared in connection with the Tender Offer (together, as it may be amended or supplemented from time to time, the "Tender Offer Memorandum"), any and all of its outstanding 8.25% Bonds due June 7, 2021 (the "Notes"), as well as the Company's decision to increase the Tender Offer Consideration (as defined in the Tender Offer Memorandum). LONDON, Dec. 18, 2020 /PRNewswire/ --. Find Vedanta Resources Latest News, Videos & Pictures on Vedanta Resources and see latest updates, news, information from NDTV.COM. Vedanta Resources Ltd (VRL) last week announced a delisting offer at a Rs 87.5 per share against a much higher book value resulting in severe criticism from analysts. Vedanta Resources, controlled by billionaire Anil Agarwal, allayed some immediate concerns this week when it received vital funding by selling $1 billion notes due 2024 at 13.875%. VEDANTA RESOURCES : News, information and stories for VEDANTA RESOURCES | London Stock Exchange: | London Stock Exchange (Bloomberg) -- Mining giant Vedanta Resources Ltd. was able to secure much-needed funds by selling $1 billion of notes at one of the highest yields for a dollar bond in Asia this year.The company priced the January 2024 bond on Wednesday at a yield of 13.875%, according to a person familiar with the matter, who asked not to be identified because they aren’t authorized to speak about it. In addition to the Early Tender Offer Consideration, Holders will also receive accrued and unpaid interest, and additional amounts, if any, in respect of any Notes purchased in the Tender Offer from, and including the last interest payment date to, but excluding, the Early Payment Date. Vedanta Limited is a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas. Cautionary Note Concerning Forward-Looking Statements. Vedanta Resources Limited (formerly known as Vedanta Resources plc) is a globally diversified metals and mining, oil and gas and power generation company. Vedanta Resources Limited Dec 18, 2020, 09:58 ET. Any such Notes validly tendered and accepted for exchange after the Early Tender Deadline will be eligible to receive the Tender Offer Consideration (as defined in the Tender Offer Memorandum) principal amount and will not be eligible to receive the Early Tender Offer Consideration. Cision Distribution 888-776-0942 The firm, managed by London-based billionaire Anil Agarwal, plans a tender provide to purchase again some current bonds which can be maturing subsequent 12 months. The Tender Offer is not being made in any Member State of the European Economic Area or in the United Kingdom, other than to persons who are "qualified investors" as defined in Regulation (EU) No 2017/1129 (as amended, the "Prospectus Regulation"), or in other circumstances falling within Article 1(4) of the Prospectus Regulation. All other terms of the Tender Offer are expected to remain unchanged. India Business News: London-based Vedanta Resources Ltd (VRL) has raised its stake in its India listed unit, Vedanta to 55.11 per cent by buying from open market shares wo Vedanta Resources Ltd (VRL) last week announced a delisting offer at a Rs 87.5 per share against a much higher book value resulting in severe criticism from analysts. LONDON, Dec. 18, 2020 /PRNewswire/ — VEDANTA RESOURCES LIMITED The Company was incorporated and registered in the United Kingdom as a private company limited by shares under the name Angelchange Limited on April 22, 2003 with the registration number 04740415. Vedanta Resources slapped with $100 million settlement in UK court. Latest news and coverage 22 Mar 2019 KCM gets a new CEO www.lusakatimes.com 17 Mar 2019 Statement regarding protest at Lanjigarh plant 06 Mar 2... News transforming elements – the story of Vedanta Resources The Company will announce the aggregate principal amount of Notes tendered as at the Expiration Time, whether the conditions to the Tender Offer have been satisfied or waived, the principal amount of Notes accepted for purchase by the Company and the aggregate principal amount of Notes that will remain outstanding following completion of the Tender Offer as soon as reasonably practicable following the Expiration Time. On October 1, 2018, the Company delisted from the London Stock Exchange and re-registered as a private limited company and changed its name to Vedanta Resources Limited. Find Vedanta Resources Latest News, Videos & Pictures on Vedanta Resources and see latest updates, news, information from NDTV.COM. Vedanta Resources’ latest bond received more than $1.9 billion of bids, with asset managers taking up most of it. Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, England.It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Vedanta Resources Ltd. on December 10, sold $1 billion of securities at one of the highest yields for a dollar bond in Asia this year. NONE OF THE COMPANY, THE INFORMATION AND TENDER AGENT, THE TRUSTEE OR THE DEALER MANAGERS MAKES ANY RECOMMENDATION AS TO WHETHER OR NOT HOLDERS SHOULD TENDER THEIR NOTES. Among the three notably large trades, the first saw 3.7 crore shares exchange hands at Rs 159.7 apiece. Vedanta Resources names ex-CEO Kaura as interim chief executive. Company profile page for Vedanta Resources Ltd including stock price, company news, press releases, executives, board members, and contact information Spread the news Diversified conglomerate Vedanta Resources is ready to boost as much as $700 million by promoting bonds to abroad traders. Vedanta Resources Limited is a globally diversified natural resources company. The Dealer Managers for the Tender Offer are: Barclays Bank PLC5 The North ColonnadeCanary WharfLondon E14 4BBUnited Kingdom, Telephone: +44 20 7773 8890Attention: Liability Management GroupEmail: [email protected], Telephone: +852 2903 2706Attention: Liability Management GroupEmail: [email protected], Citigroup Global Markets LimitedCitigroup CentreCanada SquareCanary WharfLondon E14 5LBUnited Kingdom, Telephone: +852 2501 2541Attention: Debt Syndicate DeskEmail: [email protected], Credit Suisse (Hong Kong) LimitedInternational Commerce Centre, Level 88One Austin Road WestKowloonHong Kong, Telephone: +852 2101 7700Attention: Investment Banking & Capital Markets – LegalEmail: [email protected], DBS Bank Ltd.12 Marina Boulevard, Level 42DBS Asia Central, Marina Bay Financial Centre Tower 3Singapore 018982, Telephone: +65 6878 9821Attention: T&M – Fixed Income OriginationEmail: [email protected], Deutsche Bank AG, Singapore Branch One Raffles Quay, 17-00 South TowerSingapore 048583, Telephone: +65 6423 7959Attention: Global Risk SyndicateEmail: [email protected], J.P. Morgan Securities plc25 Bank StreetCanary WharfLondon E14 5JPUnited Kingdom, In Hong Kong: +852 2800 8220In London: +44 20 7742 5940In the U.S.: +1 (212) 834 4533Attention: Asia Syndicate DeskEmail: [email protected], Standard Chartered BankOne Basinghall AvenueLondon EC2V 5DDUnited Kingdom, Telephone: +44 20 7885 5739 / +852 3983 8658 / +65 6557 8286Attention: Liability ManagementEmail: [email protected]. Vedanta Resources, the holding company of Vedanta, will issue $400 million in notes to an entity of US-based hedge fund Oaktree Capital Group to meet its immediate liquidity requirements. Vedanta Resources Limited Dec 03, 2020, 19:42 ET. Vedanta Resources is providing an update on the current situation affecting its Konkola Copper Mines (KCM) operations in Zambia. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated. Neither this announcement nor the Tender Offer Memorandum constitutes an offer to sell, offer to purchase, or a solicitation to sell or a solicitation to purchase or subscribe for securities (whether to the public or by way of private placement) within the meaning of the Indian Companies Act, 2013, (including any rules made thereunder), as amended from time to time, (the "Companies Act"), the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, as amended from time to time, or other applicable laws, regulations and guidelines of India. 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