The Metals and mining major held a 64.92% stake in HZL as of the June quarter, with the government owning 29.54%. The proceeds will help Vedanta reduce its debt. As of March 2024, Vedanta’s gross debt was ₹71,759 crore and net debt at ₹56,338 crore. The company held cash and equivalents of ₹15,421 crore. FY24 finance costs rose to ₹9,465 crore from ₹6,225 crore, driven by increased borrowings and higher interest rates.
| Subscribe To Our Free Newsletter |
