Vedanta Resources extends time till January 2 for bondholders' consentVedanta Resources Ltd has extended the deadline for bondholders to express their agreement on the revised terms of the $3.2 billion bonds d...
Oaktree Capital provides ₹3,400cr debt facilities to Vedanta for 18 monthsOaktree has stipulated that Vedanta would have to pay 17% interest on the debt in the event of a default, the people said. The proceeds wil...
India-listed Vedanta raises Rs 3400 crore from Oaktree Capital at 12%India-listed Vedanta has raised funds around the time its holding company is working round the clock to arrange funds to refinance its upco...
Vedanta Resources confident of bond recast plan successAn ad hoc group holding two guaranteed bonds of Vedanta Resources (VRL) has advised investors to reject the proposed bond restructuring out...
Vedanta Resources bondholders appoint Cleary Gottlieb Steen & Hamilton LLP as legal advisorA group of bondholders of Vedanta Resources, including Oaktree Capital Management and Avenue Capital, have appointed Cleary Gottlieb Steen ...
Vedanta Resources plans to raise up to $1 billionThe bonds would be marked as high-yield papers, below the investment-grade rating ranks.
Exchange date of American Depositary Shares extended till Jan 10: VedantaHolders of American Depositary Shares (ADS) can now surrender their ADSs at any time on or prior to January 10, 2022, Vedanta said.
Promoter companies to purchase 170 million shares of Vedanta at Rs 350 apieceTwin Star Holdings and Vedanta Netherlands Investments BV, the promoter companies of Vedanta will be purchasing around 170 million shares a...
Vedanta to delist American depositary sharesUpon delisting, the company "will concentrate" all trading of its equity shares on the BSE Limited (BSE) and the National Stock Exchange of...
Vedanta's board approves delisting proposal, seeking shareholders approvalThe board also approved Vedanta's plan to seek shareholders approval for delisting proposal.
Moody's downgrades Vedanta Resources' corporate family rating to B2 from Ba2Moody's said the rating actions also incorporate the refinancing risk that the company faces, particularly in relation to its debt maturiti...
Bombay High Court asks Vedanta, Cairn India to explain mergerThe petition alleged that these transactions violated rules under the Companies Act, and has asked the court to cancel the approval to merg...
- Vedanta set to merge Sterlite, Sesa Goa to cut debt
Sesa Goa, India's largest iron-ore exporter, will absorb Sterlite in an all-share transaction, says billionaire chairman Anil Agarwal.
- Vedanta seeks to correct anti-social image
Vedanta, that was embroiled in controversy a few years back for violating environmental norms for pecuniary gains is now trying to wipe out...
'We've enough funds to power our 11,000 mw energy plan'Most part of the funds raised through the recent ADS issue will be utilised for the power business, says Mr Agarwal in an exclusive intervi...
- Sterlite mops up $1.5 bn via ADRs for power push
Sterlite Industries raised $1.5 billion (about Rs 7,200 crore at current exchange rates) through an American Depository Reciept issue, revi...
- ICICI Bank, Sterlite mop up $4 bn from US in a week
Two Indian companies, including the country's largest private lender ICICI Bank, have raised over four billion dollars last week from the U...