Key Points
MUMBAI: The board of India-listed Vedanta Ltd approved a Rs 200-crore contribution to political parties, even as the parent company is working round the clock to arrange a $1-billion payment on dollar-denominated bonds that are due in January...
The limits of Rs 200 crore and Rs 57 crore contributions are valid until March 2025, the resolution copy shows.. The board has approved "the contribution either directly or through electoral trust and in any form including subscription to electoral bonds"...
Vedanta's board resolution stated that the "chairman and the vice chairman be, and are hereby, severally authorised to decide the quantum of political contribution to be paid to individual political parties"...
In the last five years, Vedanta contributed ?457 crore to political parties by subscribing to electoral bonds and in FY23 alone it donated ?155 crore, as reported by ET on June 21...
According to data released by the Association of Democratic Reforms (ADR), political parties received Rs 13,791 crore in donations from the electoral bonds in 27 phases between 2018 and 2022..
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