Big news has come about Vedanta. It will invest Rs 4,300 crore in AvanStrate's display glass unit. According to a statement issued by the company on Monday, Vedanta Limited is going to invest about Rs 4,300 crore or $ 500 million in its display glass unit AvanStrate Inc. Vedanta Group said that it is going to set up a display semiconductor manufacturing unit in India. AvanStrate is fully managed by Vedanta.
The company made a big announcement- At the beginning of the year, Vedanta Ltd acquired an additional 46.57% stake in Japanese glass substrate manufacturing company AvanStrate Inc. With this acquisition, Vedanta's total stake in AvanStrate increased to 98.2%.
ASI has manufacturing and research units in countries like Taiwan, South Korea and Japan. There are plans to increase the development of advanced packaging and designed next-generation glass products in semiconductors, biotechnology, automotive display and other high-growth areas. Vedanta stock performance- The stock has fallen 9 percent in a month. The stock has given a return of 90 percent in a year. Anil Agarwal, owner of the country's mining group Vedanta Limited Group, has reduced his debt significantly in the last two years. According to the information, Anil Agarwal has repaid a loan of Rs 2.30 crore every hour. This means that Anil Agarwal has reduced his debt by about Rs 40 thousand crores in two years. Due to which it has helped a lot in making the group debt free.
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