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VEDL - Vedanta News Story

₹302 -7.1  -2.3%

Last Trade - 17/09/21

Sector
Basic Materials
Size
Large Cap
Market Cap £11.03bn
Enterprise Value £12.95bn
Revenue £9.90bn
Position in Universe 45th / 3148

South African court grants urgent interdict halting disposal of Vedanta unit assets

Tue 23rd July, 2019 9:14am
JOHANNESBURG, July 23 (Reuters) - South Africa's High Court
on Tuesday granted an urgent interdict halting the wind-up
proceedings by a provisional liquidator at Vedanta's  VDAN.NS 
Konkola Copper Mines (KCM).
    Vedanta has been locked in a dispute with the Zambian
government, which accuses KCM, which is around 20% owned by
Zambia's state mining company and majority owned by Vedanta, of
breaching the terms of its licence. 

 (Reporting by Tanisha Heiberg and Helen Reid; editing by Jason
Neely)
 ((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters
Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))
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