Vedanta shares rise as its parent firm regains control of copper project in Zambia
A court in Lusaka on Friday reportedly gave the go-ahead to a scheme of arrangement supported by Konkola Copper Mines Plc's creditors. However, to get access to the mine, Vedanta needs to release $250mn to settle debts that KCM owes to suppliers and contractors, as per the report.
![Vedanta shares rise as its parent firm regains control of copper project in Zambia](https://cdn.zeebiz.com/sites/default/files/2024/07/01/302392-vedanta-2.jpg?im=FitAndFill=(1200,900))
Last week, Vedanta Ltd had also sold a stake worth Rs 7,485 crore, or 4.6 per cent equity, in a block deal. Photo: File/Representational