Vedanta Resources PLC Update on Electrosteel (5293X)
August 10 2018 - 12:19PM
UK Regulatory
TIDMVED
RNS Number : 5293X
Vedanta Resources PLC
10 August 2018
10 August 2018
Vedanta Resources plc
Update on Electrosteel
Vedanta Resources plc's subsidiary Vedanta Limited today made
the below announcement.
The National Company Law Appellate Tribunal ('NCLAT') through
its order dated today, August 10, 2018 has ruled that Vedanta
Limited (the 'Company') was eligible to bid for Electrosteel Steels
Limited and is not barred by Section 29A(d) of Insolvency and
Bankruptcy Code. NCLAT further declined to interfere with the
approval of the Resolution Plan by the National Company Law
Tribunal, Kolkata through its order dated April 17, 2018.
For further information, please contact:
Communications Finsbury
Arun Arora Daniela Fleischmann
Head, Corporate Communications Tel: +44 20 7251 3801
Tel: +91 124 459 3000
gc@vedanta.co.in
Investors
Rashmi Mohanty Tel: +44 20 7659 4732
Director - Investor Relations Tel: +91 22 6646 1531
ir@vedanta.co.in
Sunila Martis
Associate General Manager - Investor
Relations
Veena Sankaran
Manager - Investor Relations
About Vedanta Resources
Vedanta Resources plc ("Vedanta") is a London listed diversified
global natural resources company. The group produces aluminium,
copper, zinc, lead, silver, iron ore, oil & gas and commercial
energy. Vedanta has operations in India, Zambia, Namibia and South
Africa. With an empowered talent pool globally, Vedanta places
strong emphasis on partnering with all its stakeholders based on
the core values of trust, sustainability, growth, entrepreneurship,
integrity, respect and care. To access the Vedanta Sustainable
Development Report 2017, please visit
http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf.
For more information on Vedanta Resources, please visit
www.vedantaresources.com
Disclaimer
This press release contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and/or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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August 10, 2018 12:19 ET (16:19 GMT)
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