Share Name Share Symbol Market Type Share ISIN Share Description
Vedanta Resources LSE:VED London Ordinary Share GB0033277061 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -33.00p -4.08% 775.80p 776.00p 777.60p 792.80p 766.60p 787.60p 750,341 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 10,958.8 1,771.0 60.5 12.0 2,118.71

Vedanta Resources PLC Update from Vedanta Limited

13/07/2018 3:25pm

UK Regulatory (RNS & others)


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RNS Number : 6451U

Vedanta Resources PLC

13 July 2018

13 July 2018

Vedanta Resources plc

Update from Vedanta Limited

Vedanta Resources plc's subsidiary Vedanta Limited today made the below announcement.

Pursuant to Regulation 30 of the Listing Regulations, we wish to bring to your notice that the Company has been informed today that it has been identified as the 'H1 Qualified Interested Bidder' as per the bid process of the consortium of lenders of GMR Chhattisgarh Energy Limited (GCEL) for sale of controlling equity stake and restructuring of debt in GCEL.

The receipt of any Letter of Intent and completion of the acquisition is subject to the negotiations with the consortium of lenders to the satisfaction of both parties and other requisite approvals.

For further information, please contact:

 
 Communications                          Finsbury 
 Arun Arora                              Daniela Fleischmann 
  Head, Corporate Communications          Tel: +44 20 7251 3801 
  Tel: +91 124 459 3000 
  gc@vedanta.co.in 
 Investors 
 Rashmi Mohanty                          Tel: +44 20 7659 4732 
  Director - Investor Relations           Tel: +91 22 6646 1531 
                                          ir@vedanta.co.in 
 
  Sunila Martis 
  Associate General Manager - Investor 
  Relations 
 
  Veena Sankaran 
  Manager - Investor Relations 
 

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia and South Africa. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, please visit www.vedantaresources.com

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 13, 2018 10:25 ET (14:25 GMT)

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