SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vedanta gets nod to acquire additional stake in AvanStrate

10 May 2024 Evaluate

Vedanta has received approval for the acquisition of additional stake of 46.57% in AvanStrate Inc. (ASI) (an indirect subsidiary of the Company with 51.63% holding) from HOYA Corporation, Japan (HOYA) through Cairn India Holdings (CIHL), a wholly-owned subsidiary of the Company. Post the execution of the aforesaid transaction, CIHL will hold 98.2% in ASI. 

The acquisition of AvanStrate aligns with Company's vision of pivoting towards technology and diversifying into hi-tech manufacturing, while expanding its presence in high-growth markets. Leveraging its expertise and resources, AvanStrate aims to strengthen Vedanta’s capabilities to support the burgeoning hi-tech electronics manufacturing industry in India and capitalize on the growing demand for electronic devices in India and globally. The Board of Directors of the company on May 10, 2024, has approved the same. 

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.


Vedanta Share Price

779.70 -3.05 (-0.39%)
17-Apr-2026 09:52 View Price Chart
Peers
Company Name CMP
Hindalco 1028.35
Vedanta 779.70
Hindustan Zinc 587.60
Jain Resource Recycl 420.05
Gravita India 1668.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×