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VEDANTA DEBT REDUCTION
Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel: Which stock should you buy?Four Vedanta Group companies debuted on the market, with aluminium, iron & steel, and oil & gas shares tumbling while power stocks rose. An...- Anil Agarwal bets $20 billion on aluminium, steel, and zinc, and says Vedanta is only getting startedVedanta Group Chairman Anil Agarwal announced a $20 billion capital expenditure plan over three years, aiming to triple group businesses. T...
- 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...
- Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?Vedanta shares hit a fresh record high after ICRA upgraded the company’s long-term credit rating to AA+ with a stable outlook, marking its ...
- 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-...
- Mayuresh Joshi's top picks: Chemicals the dark horse, underweight on ITIndian markets delivered strong earnings, but opportunities vary. Autos show stable demand with input cost risks. Chemicals are a potential...
- Vedanta earns record profit in Q4, plans to reduce debtVedanta anticipates a strong FY27 driven by record profits. The company plans to significantly reduce debt, invest in expansion, and contin...
- Vedanta demerger can create value in the long termVedanta's stock has seen a dip following the announcement of its demerger into five listed entities, aimed at reducing the conglomerate dis...
- 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...
- Vedanta Resources seeks $200 million loan top-up after $350 million deal earlier this yearVedanta Resources is looking to boost its existing $350 million loan by at least $200 million. The company is in talks with Sumitomo Mitsui...
- Vedanta targets doubling $27 billion market cap through five-entity split: ReportVedanta Limited will split into five separate companies next month. Chairman Anil Agarwal believes this move will significantly increase th...
- 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 ...
- 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 to offload Rs 7,500 cr worth stake in Hindustan Zinc via block deals: ReportVedanta plans to raise about ₹7,500 crore by offloading up to 10 % of its 63.42 % stake in Hindustan Zinc via block deals managed by DAM Ca...
- Vedanta saves Rs 1,027 cr by retiring costly debt with cheaper loansVedanta has realized significant savings in interest payments by refinancing high-interest loans with lower-cost debt, reducing its debt dr...
- Vedanta cuts debt by $550 million, saves $90 million in interest costsVedanta has repaid a high-cost $900 million loan, reducing net debt by $550 million and saving $90 million annually in interest. The repaym...
- UK's Vedanta Resources cuts gross debt by $1 billionVedanta Resources has paid all its maturing loans and bonds due in April 2023, the billionaire Anil Agarwal-led company said in a statement...
- Vedanta Resources cuts gross debt by USD 1 billionThe firm's gross debt now stands at USD 6.8 billion, down from USD 7.8 billion at the end of March 2023 and from USD 9.7 billion at the end...
- Moody's upgrades Vedanta rating to B1 and the company's senior unsecured rating to B3It also marks the company's progress in reducing absolute debt levels, high probability of a successful merger of Vedanta Ltd and Cairn Ind...
- Vedanta to be accountable for Cairn's $3.2-billion tax demand: Moody'sCairn India, which is 60% owned by Vedanta and is being merged with the metal and mining firm, has stated that it does not agree with the t...
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