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Vedanta Aluminium adopts SEBI-compliant UPSI framework, promotes transparency
17 Jun 20261MINS
Primary AL
Vedanta Aluminium Metal Limited (VAML) has taken a step towards maintaining compliance with regulatory standards by adopting the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) under Regulation 8 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Having received approval from the Board of Directors, the code indicates Vedanta Aluminium’s commitment to promote market transparency.  Participa ...
Aluminium Stocks of Hindalco, NALCO and Vedanta under pressure after sharp drop in LME Prices
17 Jun 20263MINS
Primary AL
Shares of Hindalco, Vedanta and NALCO fell sharply after aluminium prices declined in global markets following reports of a preliminary peace agreement between the United States and Iran. Aluminium prices on the London Metal Exchange (LME) dropped 4.4 per cent to about USD 3,379.50 per tonne, their lowest level since March. The decline came as traders reacted to expectations that the Strait of Hormuz could reopen, easing concerns over supply disruptions in the Middle East. The fall in alumin ...

17 Jun 20261MINS
Downstream
Chang Aluminum is set for a change in ownership after its controlling shareholder, Qilu Caijin Investment Group, agreed to sell a 22.38 per cent stake in the company to Shandong Jixin Industrial Development.  The proposed transaction values the shares at RMB 5.79 (USD 0.86) each, putting the total deal value at around RMB 1.338 billion (USD 197.9 million).  If the transfer is completed, control of the company will change hands, with Jixin Industrial Development becoming the new controlling s ...
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