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VEDANTA HOLDCO
Vedanta secures highest credit rating in over decade following ICRA UpgradeVedanta Group achieved its highest domestic credit rating in over a decade. ICRA upgraded key group entities, Vedanta Ltd and Vedanta Alumi...
Vedanta Resources looking to rejig $5.5 bn holdco debt in one goAnil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-...
I-Sec maintains Buy on Vedanta, lowers target price to Rs 575ICICI Securities maintains a Buy call on Vedanta, revising the target price to Rs 575. Q4FY25 EBITDA rose 31% YoY, driven by higher volumes...
Vedanta Resources may raise $1.2 billion to refinance debtThe company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of o...
Fitch affirms Vedanta Resources at 'B-' rating with positive outlookFitch Ratings has maintained Vedanta Resources Limited's (VRL) 'B-' rating with a positive outlook, signaling potential improvement. The ag...
Vedanta Holdco plans $1.5-billion notes issuanceVedanta Resources plans to raise up to $1.5 billion through a five-year dollar bond sale, aiming to refinance existing debt and reduce borr...
Vedanta shares rally 5.5% after Q4 results. Should you buy, sell or hold?Shares of Vedanta surged 5.5% to Rs 403 on the BSE even as the company's revenue and profit declined during the March quarter.
Moody's downgrades rating on senior unsecured bonds issued by Vedanta ResourcesThe rating for the Corporate Family Rating (CFR) of Vedanta Resources was also downgraded to Caa3 from Caa2, Moody's said. Last week, Vedan...
Moody's downgrades Vedanta parent's CFR rating to Caa2 on elevated debt riskThe agency has also downgraded to Caa3 from earlier Caa2 its rating on the senior unsecured bonds issued by Vedanta Resources and those iss...
Vedanta Resources' bond restructuring plan faces resistance from investors seeking better termsInitial feedback from investors in Singapore and Hong Kong reveals discomfort with the proposed restructuring, raising the possibility of o...
Vedanta Resources seeks to extend maturity of shorter-term bonds by 3 yearsThe company management also disclosed that, as part of its liability management exercise (LME), it would have limited cash available. It pl...
Vedanta Resources may explore dollar bond extensionLondon-based VRL, the parent of Indian operating company Vedanta, needs $1.3 billion in FY24 and $4.3 billion in FY25.
Vedanta Holdco eyes up to $2 billion in bridge loansTwin Star Holdings, a unit of the London-based Vedanta Resources, is talking to multiple global financiers such as JP Morgan, Barclays, Deu...
Moody's downgrades outlook on Vedanta to 'negative', shares fall over 1%The continued delay in refinancing its upcoming debt maturities with long-term funding raises concerns over the company's liquidity managem...
Top investors rush to own Vedanta overseas bondsFIL Investment (Fidelity), Macquarie, Goldman Sachs, Value Partners, Eastspring Investments, Barings are some of the investors, who bid to ...
Vedanta Resources launches overseas bond sale, eyes $1 billionMoody’s Investor Services graded the issuance with Caa1, a rank lower in the high-yield category. JP Morgan is helping the company raise th...
Vedanta set to launch $1 billion bond offeringWith its third such offering in 6 months, co aims to cut debt and pursue expansion
Vedanta Resources’ liquidity buffer will be depleted by March 2021 amid its failed delisting: Moody’s“VRL’s failed bid is a credit negative. The takeover would have significantly improved the holding company VRL's cash flow and liquidity,” ...
Diversified natural resources cos derisk investors from commodity price shocks: Anil Agarwal, Vedanta Resources"Diversified companies always have a better value. It is derisking. Putting diverse things together always helps the shareholders to remain...
- Moody's say restructuring "mild positive" for Vedanta
Global rating agency Moody's today said Vedanta's restructuring is "mild positive" for the metal and mining conglomerate as its debt burden...