The holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating subsidiaries to meet its repayment obligations. Vedanta pays annual brand fees, of 2-3% of turnover and is projected at around $300 million, to parent VRL, helping it in servicing its debt obligations.
ESDS Software shares snap 3-day fall, hit 5% upper circuit. What should shareholders do?
Shares of ESDS Software Solutions snapped a three-day falling streak on Monday, hitting a 5% upper circuit at Rs 1,622. After surging 325% post-listing, market