Information About Vedanta Ltd Stock Price:

Vedanta Ltd was founded in Mumbai, Maharashtra in 1976 by Mr. Anil Agarwal. The headquarters of the company is in London, UK. It was previously known as Sesa Sterlite or Sesa Goa Limited. It is one of the largest global diversified natural resource majors across globe, with operations across aluminum and commercial power, zinc-lead-silver, oil & gas, iron ore, copper.

For more than fifty years, it operated in the exploration, mining, and processing of iron ore. The company was established in 1954, as Scambi Economic SA Goa. Since then, it has developed to be one among the top low-cost iron ore producers in the world. It has also created original and environment-friendly technology for producing high-quality metallurgical coke.

In June 2009, Sesa Goa Limited took over Sesa Resources Limited. In 2010, zinc assets of British miner Anglo American Plc were acquired by Vedanta.

In 2011, 58.5% controlling stake in Cairn India were bought by Vedanta Resources, one of the biggest private sector gas and oil company in India. In 2015, Sterlite Industries and Sesa Goa declared their amalgamation into a single entity. In 2015, the name of Sesa Sterlite was changed to Vedanta Limited. On April 11, 2017, Cairn India joined with Vedanta Limited to amalgamate its position as one of the biggest diversified natural resources companies in the world.

In 2018 Electrosteels Steels Limited was acquired by Vedanta Ltd. An integrated steel plant had been manufactured in Jharkhand at Siyaljori by Electrosteel Steels. The operations of Vedanta Ltd are based in Karnataka, Goa, Odisha, Rajasthan, Punjab Gujarat and Andhra Pradesh, while offices are spread across India.

History:

In 1963, Sesa Goa Limited was registered as a private limited company under The Companies Act, 1956. In 1979, Sesa Goa Private Limited was established, through the merger of Sesa Goa Limitada with Mingoa Sociedade Miniera Goesa S.a.r.l (another mining company in Goa). In 1981, Sesa Goa Limited became a public limited company with 60% stake of Indian shareholders. In 1996, Mitsui & Co. Ltd. of Japan took over Finsider International, while having its 51% stake in Sesa Goa Limited.

In 2007, Vedanta Resources plc took over the controlling stake in Sesa Goa Limited from Mitsui & Co. Ltd.

Listing of Vedanta Ltd on Stock Exchanges and Indices:

In 2002, Sesa Group became the first business of its kind to be certified with OHSAS 18001. In 2003, the Sesa Goa equity in Sesa Industries was increased to 88.25% impacting the shareholding pattern.

In 2007, Vedanta Resources Plc, which was founded by Anil Agarwal, acquired 51% controlling stake in Sesa Goa Ltd from Mitsui & Co.Ltd. The stocks of Vedanta Resources are listed on the NSE, London Stock Exchange, and NYSE. The deal was of ₹40.7 billion, making it the most significant M&A deal in the industry so far. In 2009, Sesa Goa took over Goa-based Dempo Group mining. It was the second largest acquisition in India's iron-ore industry. In 2011, Sesa Goa bought 51% stake in Western Cluster, Liberia. The community people of Liberia Gola Forest who also suffered from the civil war believed that joining of the Western Cluster will remove their suffering and provide employment.

Why Invest in Vedanta Resources?

The Vedanta company has forayed into a unique PPP, with the Ministry of Women and Children Development, GoI to start "Project Nandghar" across India. Vedanta invested the US $37 million towards community development in 2015-16, benefitting over 2.25 million people globally. The Confederation of Indian Industry (CII) ranked Vedanta Limited and its subsidiary Hindustan Zinc among the top ten sustainable firms in India. In FY2016, Vedanta recycled 47% of the fly ash generated through operations, as well as recycled 23% of the water utilized during its operations. But before investing, do your research or choose mutual funds as an alternate option.

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.

Indexes and Exchages

Bombay Stock Exchange (BSE)

The BSE or the Bombay Stock Exchange is Asia's oldest and first stock exchange. It is located in Mumbai, erstwhile Bombay, and it was formally established in 1875. An influential stockbroker and a businessman, Premchand Roychand, along with a handful of acquaintances, started the BSE journey in 1855. The BSE had its meetings under Banyan trees in its initial days. The group grew and eventually moved to a permanent place in 1874. BSE’s office is very appropriately named ‘Dalal Street’ which translated to Broker Street in Hindi. BSE operated as a floor trading exchange for a long time before ascending the digital ladder in 1995. They implemented an automated trading platform which had a capacity of 8 million per day. BSE went global in 2012, by joining the United Nations Sustainable Stock Exchange as a partner. Subsequently, in 2016, BSE established the first international exchange of India, called INX.

National Stock Exchange (NSE)

With an aim to induce transparency to the Indian capital market, the Indian Government implored a group of leading financial institutions for an effective solution. Accordingly, these financial institutions, along with the Government's support, established the first demutualized electronic exchange of India in 1992, known as the NSE. Since its inception, the NSE functioned on a totally automated screen-based digital trading system, which offered a great platform to connect the investor base of the entire country and offer them an easy trading facility. NSE was India's first electronic exchange and currently offers services pertaining to several segments, such as equity derivatives, clearing and settlement services in equity, trading, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is National Stock Exchange of India's benchmark broad-based stock market index for the country's equity market. It lists 50 selected Indian companies across 12 sectors that own the largest and most liquid Indian securities. Hence, it is popularly called NIFTY 50. The Nifty index represents the weighted average of the stock value of those 50 companies. The India Index Services and Products or IISL, a company which is focused on an index as a core product, owns and manages the Nifty. Through one efficient portfolio, the Nifty exposes investment managers to the current status of the Indian market and helps in determining promising investment opportunities.

SENSEX Index

Similar to NSE's Nifty 50, BSE also has a stock market index known as Sensex. The word comes from the words 'Sensitive' and 'Index,' and is basically a portmanteau of the two. BSE 30 and S&P BSE SENSEX are two other names of this index. Sensex constitutes the top 30 financially flourishing and well-established companies from the ones listed on BSE. These companies typically represent diverse industrial sectors of the country's economy to ensure a holistic calculation. Usually, these are the companies that have the largest and most actively traded stocks. SENSEX is broadly reported through both print and electronic media in national as well as international markets. The scientifically designed indexing system is based on globally accepted construction and review methodologies. It is being calculated on the basis of a free-float market capitalization methodology since September 2003.