Latest news with #corporateRestructuring
Entrepreneur
3 days ago
- Business
- Entrepreneur
Vedanta to Raise INR 5,000 Crore via Debentures
The company's committee of directors has approved the issuance of 5 lakh unsecured, rated, listed, redeemable NCDs with a face value of INR 1 lakh each. The issuance will be done on a private placement basis and will be listed on the BSE. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Vedanta Ltd has announced plans to raise up to INR 5,000 crore through the issuance of non-convertible debentures (NCDs), as per a regulatory filing disclosed on Friday. The move comes as the mining conglomerate looks to bolster its financial strategy amid a solid earnings performance and an impending corporate restructuring. In a report by PTI, as per the filing, the company's committee of directors has approved the issuance of 5 lakh unsecured, rated, listed, redeemable NCDs with a face value of INR 1 lakh each. The issuance will be done on a private placement basis and will be listed on the BSE. "The duly authorised committee of directors at its meeting held today... has considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis... aggregating up to INR 5,000 crore," the company stated. This fundraising announcement follows a sharp rise in Vedanta's earnings for the March quarter. The company posted a consolidated net profit of INR 3,483 crore, marking a 154.4 per cent jump compared to INR 1,369 crore in the same period last year. The spike in profits was attributed to lower production costs and increased output volumes. Total income for the quarter rose to INR 41,216 crore, up from INR 36,093 crore a year earlier. As of March 31, 2025, Vedanta's gross debt stood at INR 73,853 crore, placing increased significance on the company's capital management efforts. The planned NCD issuance appears to be a part of that broader financial recalibration. Meanwhile, the company is also moving ahead with a major structural overhaul. The demerger of its various businesses, aimed at unlocking value and improving operational focus, is expected to be completed by the end of the second quarter of the current financial year. Speaking to PTI, Vedanta's Chief Financial Officer Ajay Goel said, "We are on track to finish (the demerger) by the second quarter end."
Fast Company
21-05-2025
- Business
- Fast Company
How to protect yourself during a company upheaval
Layoffs. Corporate restructuring. Leadership changes. New market strategy. Chances are that you'll go through at least one significant company upheaval in your career (if not more than one). Employees are expected to adapt quickly, often with little support. While you may not be able to prevent internal changes, you can be prepared—and protect yourself. Get clarification on your job responsibilities One of the biggest impacts on your day-to-day might be changes in your job responsibilities. As soon as possible, you'll want to discuss any changes with your boss. Ask directly, 'Do I have any new responsibilities?' and 'How will my performance be evaluated now?' Get the information in writing, if you can, even if it's just a follow-up email you send after a discussion with your boss that says: 'Based on our conversation, I understand that my role now includes X, Y, and Z.' You don't want responsibility changes to be overlooked or misunderstood, and you don't want the changes to negatively impact promotions or future raises simply because no one fully understands your role. Provide regular updates to your boss about how you're handling your new responsibilities, and share any wins. Additionally, make sure your boss is aware of any concerns you may have. For example, you may not have been given proper training to make you successful with your new responsibilities. If something is unclear, raising concerns early shows you want to ensure you're meeting expectations. Know your boundaries 'Do more with less' has become the default expectation. You might quickly find yourself overwhelmed if you're working with a smaller team, a smaller budget, or a major strategy pivot. It's much harder to set boundaries if you accept additional work initially and then try to walk it back later. When faced with upheaval and asked to do more, you can say, 'Yes, I can take this on. Which of my other responsibilities should I de-prioritize?' You can also mentally set a boundary around the number of hours you're willing to work. If you're asked to go above that, it's time to push back. You could say, 'I'm at capacity this week. Can this wait until next week?' Remember that loyalty is often not reciprocal Significant changes need clear direction. A company's leadership team should communicate why the changes were necessary and how the company expects to benefit. If that doesn't happen, it's a red flag. The changes might result in more problems—or can't save the company from a downward spiral. Keep your guard up. Look for signs that the company might be in deeper trouble, such as undergoing frequent leadership turnover, having an unclear strategy, or experiencing a lack of communication. Change is hard and takes time to have an impact. But if it feels like things aren't going well, keep your résumé updated and your LinkedIn profile polished. Make sure you have an exit plan, even if you're not ready to leave immediately.
