NEW DELHI: Metals and mining giant Vedanta Resources Ltd on Friday said it has made an upfront payment of USD 779 million to its bondholders and completed repayments as part of the debt restructuring exercise. The upfront payment to the bondholders was made on Wednesday, Vedanta Resources Ltd (VRL) said in a statement. VRL has…
Vedanta Resources Ltd faces a moment of reckoning this week as Indian billionaire Anil Agarwal’s miner seeks approval for a proposal that could help it buy more time to honor its debt liabilities.Bondholders have until Jan. 2 to give an early consent on a plan to push out due dates on $3.2 billion in bond…
MUMBAI: Rating agency S&P has downgraded Anil Agarwal‘s Vedanta Resources to ‘CC’, citing the company’s decision to extend the maturity of its international bonds as a ‘distressed exchange‘. The UK-incorporated Vedanta Resources, the parent company of India-listed Vedanta Limited, has been retained on credit watch with negative implications.The rating agency had earlier downgraded the company…
