Tag: Vedanta
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Vedanta Shares Jump to Record High as Nuvama Upgrades Target
Vedanta shares hit a record high after broker upgrade Vedanta Limited rose to a fresh peak, gaining about 6% and pushing its stock to a record intraday level as market optimism grew on an upbeat broker note. Nuvama Institutional Equities lifted its target price to Rs 806 per share, arguing that the company’s demerger will…
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Vedanta stock jumps to record high as Nuvama raises price target to Rs 806
Vedanta shares hit a new peak after target upgrade Vedanta Ltd. jumped to a fresh record high, touching Rs 678.50 per share, after Nuvama Institutional Equities raised its target price to Rs 806. The upgrade follows the broker’s assessment that the ongoing demerger could unlock significant value for investors, supported by a robust outlook for…
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Vedanta Shares Jump 6% to Record High as Nuvama Lifts Target to Rs 806
Vedanta Surges on Upgraded Target as Value Unlock Comes Into Focus Vedanta Limited, a leading commodities and metals conglomerate, surged about 6% to a fresh intraday high of Rs 678.50 after Nuvama Institutional Equities raised its target price to Rs 806. The brokerage attributed the stock’s rally to the anticipated value unlock from Vedanta’s demerger…
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JAL Creditors Pick Adani Bid Over Vedanta After Superior Prepayment Terms
Understanding the Decision: Why Adani Won Over Vedanta Creditors of Jaiprakash Associates Limited (JAL) have unanimously favored a bid from Adani Enterprises over a rival offer from Vedanta. Although Vedanta presented a higher overall value, lenders prioritised the financial structure of the deal, particularly upfront payments and prepayment terms, which ultimately tilted the balance in…
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Adani Bid Chosen by JAL Creditors for Better Prepayment
Creditors’ Decision: Adani Edges Vedanta Despite Higher Valuation In a pivotal move for Jaiprakash Associates (JAL), the company’s creditor lenders have unanimously favored an offer from Adani Enterprises over a competing bid from Vedanta Resources. While Vedanta presented a higher overall value, lenders prioritized upfront cash considerations and the flexibility of prepayment terms, ultimately tipping…
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Adani Bid Wins: JAL Creditors Favor Prepayment Terms
Overview: A strategic win for Adani over Vedanta Creditors of Jaiprakash Associates Limited (JAL) have unanimously selected Adani Enterprises’ bid over a higher-valued package from Vedanta, marking a rare case where prepayment terms and immediate liquidity outweighed total value. The decision by the lenders reflects a preference for stability, faster cash realization, and predictable returns…