Information About Vedanta Ltd Stock Price:
Vedanta Ltd was founded in Mumbai, Maharashtra in 1976 by Mr. Anil Agarwal. The headquarters of the company is in London, UK. It was previously known as Sesa Sterlite or Sesa Goa Limited. It is one of the largest global diversified natural resource majors across globe, with operations across aluminum and commercial power, zinc-lead-silver, oil & gas, iron ore, copper.
Listing of Vedanta Ltd on Stock Exchanges and Indices:
In 2002, Sesa Group became the first business of its kind to be certified with OHSAS 18001. In 2003, the Sesa Goa equity in Sesa Industries was increased to 88.25% impacting the shareholding pattern.
In 2007, Vedanta Resources Plc, which was founded by Anil Agarwal, acquired 51% controlling stake in Sesa Goa Ltd from Mitsui & Co.Ltd. The stocks of Vedanta Resources are listed on the NSE, London Stock Exchange, and NYSE. The deal was of ₹40.7 billion, making it the most significant M&A deal in the industry so far. In 2009, Sesa Goa took over Goa-based Dempo Group mining. It was the second largest acquisition in India's iron-ore industry. In 2011, Sesa Goa bought 51% stake in Western Cluster, Liberia. The community people of Liberia Gola Forest who also suffered from the civil war believed that joining of the Western Cluster will remove their suffering and provide employment.
Why Invest in Vedanta Resources?
The Vedanta company has forayed into a unique PPP, with the Ministry of Women and Children Development, GoI to start "Project Nandghar" across India. Vedanta invested the US $37 million towards community development in 2015-16, benefitting over 2.25 million people globally. The Confederation of Indian Industry (CII) ranked Vedanta Limited and its subsidiary Hindustan Zinc among the top ten sustainable firms in India. In FY2016, Vedanta recycled 47% of the fly ash generated through operations, as well as recycled 23% of the water utilized during its operations. But before investing, do your research or choose mutual funds as an alternate option.
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