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VEDANTA RESOURCES
Vedanta charts $5 billion oil & gas push, targets sharp capacity expansion across businessesVedanta plans to significantly increase zinc and lead production capacity by 2031. Aluminium production capacity will double over the next ...
Vedanta unit accepts bids worth $1.75 billion for three-tranche dollar debt, bankers sayVedanta Resources' subsidiary has successfully raised $1.75 billion through a dollar bond issuance to refinance over $2 billion in high-yie...
Vedanta Resources buyback offer gets $943 million bond bidsVedanta Resources has successfully garnered tenders worth approximately $943 million for its dollar bonds through an early participation wi...
Vedanta Resources’ $500 mn dollar bonds attract 3x subscriptionVedanta Resources successfully raised $500 million through a seven-year US dollar bond issue, which was oversubscribed three times, attract...
Vedanta Resources CEO outlines demerger roadmap and likely timing, reveals immediate priorityVedanta Resources is moving forward with its corporate restructuring, anticipating the demerger of its Indian arm to be finalised within th...
Vedanta Resources secures $600 mn loan for refinancing high-cost pvt credit facilityVedanta Resources has secured a USD 600 million term loan to refinance a high-cost private credit facility, with USD 380 million already co...
Anil Agarwal likely to sell a 2.5% stake in VedantaVedanta Resources, which holds a majority stake in Vedanta, is reportedly considering selling a 4-5% stake in the company. The deal could b...
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...
S&P Global Ratings downgrades Vedanta Resources amid bond maturity extensionVedanta Resources late Wednesday said it raised $1.25 billion from financial institutions for refinancing, including a new credit facility....
After Moody’s, S&P Global cuts Vedanta Resources’ rating; co placed under 'CreditWatch negative'The proximity of Vedanta Resources' large bond maturity in January 2024 has increased the likelihood of the company undertaking a liability...
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...
S&P warns of possible credit rating downgrade for Vedanta Resources over debt policy shiftsS&P Global Ratings has warned that any changes in Vedanta Resources' financial policy regarding debt transactions could lead to a downgrade...
CreditSights recommends ‘buy’ on VRL offshore bondsCreditSights, owned by Fitch Ratings, has recommended investors buy bonds of Vedanta Resources (VRL) with a high-risk appetite and a possib...
Anil Agarwal built Vedanta Resources from a 8x9 ft rented office in Mumbai with a shared telephoneAgarwal would spend his days collecting metal scrap from cable firms and his hometown.
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...
Moody's downgrades Vedanta Resources' ratingMoody's has also downgraded the ratings on the senior unsecured bonds issued by Vedanta Resources (VRL) and those issued by Vedanta Resourc...
Vedanta Resources moves Supreme Court against double taxationVedanta Resources said it has sought Supreme Court’s intervention to stop what the company called double or duplicate taxation on mining in...