Vedanta anticipates a historic FY26, driven by record profitability in its aluminium and zinc businesses with margins at 38% and 50% respectively. The company confirmed a demerger effective May 1, with all four newly listed entities trading by end-June. Management also outlined a clear deleveraging plan for Vedanta Resources, aiming to reduce debt to $3 billion over three years.
Silver Storm Parks & Resorts Limited Successfully Concludes IPO
Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company’s Qualified Institutional Buyers category saw strong subscription interest.