[ad_1] NEW DELHI: Anil Agarwal-led Vedanta Resources, as part of its deleveraging exercise, has proposed to repay $920-million debt in the current fiscal year and about $675 million in the next, a company official said.The company has been gradually deleveraging its balance sheet. [ad_2] Source link
[ad_1] NEW DELHI: Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, does not foresee a rollover of its loans and plans to deleverage as much as $3 billion debt over the next three years, a senior official said at an analyst meeting. “Deleveraging is our priority. We would be deleveraging the debt…
[ad_1] 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…
[ad_1] 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…
[ad_1] 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…
