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VEDANTA DEBT ISSUES
Sunil Singhania-backed Abakkus Small Cap Fund adds 3 new stocks, increases stake in HDFC Bank, SBI and 49 othersSunil Singhania's Abakkus Small Cap Fund added three new stocks in May, including Tanla Platforms and Intellect Design Arena. The fund also...
Vedanta faces buyback costs as bonds trade above par valueIn a bold financial maneuver, Vedanta Resources has kicked off a substantial $3.6 billion bond buyback as part of a comprehensive $5.4 bill...
Vedanta readies $5.2 billion refinancing after rating upgradesAnil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower...
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
After NCLAT relief, Adani moves SC with caveat against possible Vedanta appeal in Jaypee insolvency caseEnterprises has filed a caveat before the Supreme Court anticipating a challenge by Vedanta against the National Company Law Appellate Trib...
NCLAT sets aside NCLT insolvency order against Embassy DevelopmentsEmbassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that pl...
L&T shares in focus as firm set to sell entire stake in Hyderabad Metro Rail arm for Rs 1,461 croreLarsen & Toubro will sell its stake in L&T Metro Rail Hyderabad. The deal is valued at Rs 1,461.47 crore. This transaction will make L&T Me...
When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
After 15-year wait, JAL homebuyers pin hopes on Adani plan for long-delayed homesHomebuyers who booked properties 15 years ago with Jaiprakash Associates Limited (JAL) are anticipating possession following the Supreme Co...
Vedanta raises Rs 2,575 crore via 3-year bond to refinance existing debtVedanta Limited has made headlines by securing ₹2,575 crore via a three-year bond sale, locking in a coupon of roughly 8.95%. This funding ...
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...
BofA Global Research remains positive on Vedanta on improving credit profile, attractive valuationDespite allegations from a US short seller, Bank of America maintains a positive outlook on Vedanta's securities. Reduced holding company d...
Vedanta plans Rs 4,000-crore NCD issue to service debt paymentsThe holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating sub...
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...
Vedanta’s demerger plan in final stages, but debt woes loom largeVedanta is moving forward with its plan to separate its businesses into distinct publicly traded companies by the end of FY25. This move ai...
Vedanta to raise Rs 2,500 crore through debt securitiesThe fundraise will take place through the issue of non-convertible debentures on a private placement basis. The billionaire Anil Agarwal-le...
Vedanta raises Rs 2,500 crore through unlisted NCDsVedanta Ltd, the Indian subsidiary of Vedanta Resources, has raised ₹2,500 crore through non-convertible debentures with an interest rate o...
Vedanta promoters raise $1.4 billion to retire debtPromoters of Vedanta have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for m...
Vedanta Resources to raise up to $700 mn via offshore bondsThe funds are being raised by Vedanta Resources Finance II Plc and guaranteed by Twin Star Holdings and Welter Trading, two subsidiaries of...
Sesa Sterlite plans to issue preferential warrants worth $2 billion to Vedanta: SourcesVedanta Resources holds close to 60% stake in Sesa Sterlite after buying some shares in the last few days.