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VEDL - Vedanta News Story

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Sector
Basic Materials
Size
Large Cap
Market Cap £5.14bn
Enterprise Value £9.14bn
Revenue £9.02bn
Position in Universe 57th / 3010

Zambian court rejects Vedanta application to join liquidation case

Thu 20th June, 2019 12:51pm
LUSAKA, June 20 (Reuters) - A Lusaka court on Thursday ruled
Vedanta Resources  VDAN.NS  could not be included in proceedings
to wind up its Konkola Copper Mines (KCM) business in Zambia.
    High Court judge Annes Banda-Bobo said the court was unable
to "order a joinder of the intended second respondent to the
proceedings" but granted Vedanta leave to appeal the ruling. 

 (Reporting by Chris Mfula in Lusaka
Writing by Barbara Lewis
Editing by Alexander Smith)
 ((nqobile.dludla@thomsonreuters.com; +27117753126; Reuters
Messaging: nqobile.dludla.thomsonreuters.com@reuters.net))
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