The country may eventually be at the mercy of a possible global slump.
Last week, Vedanta pledged 13.94 crore shares or 3.3% of the total equity held by it in Hindustan Zinc.
The offer will conclude on June 8 and the anchor investors bidding will open on June 5, as per the details provided in RHP.
The setback occurs just when Agarwal's metals and mining company is struggling to pay down a sizable amount of debt.
Aggregate Revenue/ EBITDA/ PAT increased by 10.5%/ 16.4%/ 18.7% over the year-ago quarter, driven by a balance of pricing and volumes.
The Confederation of Indian Industry's (CII) Green Business Centre developed the GreenPro ecolabel.
The fundraising will take place through a private placement in one or more tranches.
August delivery Brent oil futures were up 11 cents to $73.82 a barrel, while August delivery WTI was up 8 cents to $69.54 a barrel in the United States. Both decreased by almost 4% on Tuesday.
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