Wed, Jun 26, 2024
A big block deal has been done in Vedanta. Vedanta Resources holds 61.95% stake in the company. Total 61.95% stake through 6 subsidiaries. Target to reduce debt to Rs 25000 crore in next 3 years. Know complete details from Ashish Chaturvedi.
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Sun, Jun 25, 2017
UK's Cairn Energy, which became the first company to face coercive recovery in retrospective tax action, had created a maze of subsidiaries in a span of just six months to transfer Indian assets, an event that led to a demand of Rs 10,247 crore as dues.
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