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THL ZINC LTD
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...
Vedanta Resources gets offers of $1.6 bn for bond issueVedanta Resources has launched a dollar bond issue at a final price guidance of 10.875%, with an order book of $1.6 billion. The proceeds w...
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 raises Rs 2,500 crore from Oaktree for refinancing, capexTwo funds backed by Oaktree Capital subscribed to the non-convertible debentures maturing on March 27, 2025. Vedanta has offered a 12% upfr...
Vedanta seeks RBI nod to give guarantees for $1-billion loanVRL is seeking funds to meet its upcoming debt obligations and has been engaged in talks with banks as well as private funds. VRL has $400 ...
Vedanta seeks time to get nod for transfer of reservesThe company had got equity shareholders' approval in October 2022 but is yet to get secured creditors' approval.
Vedanta looks to raise up to $1 billion from credit fundsTHL Zinc Ventures, a wholly owned subsidiary of India-listed Vedanta Ltd (VDL), is negotiating with global lenders including JP Morgan, Bar...
Tycoon Anil Agarwal claims to turn Vedanta a zero-debt company amid investor sell-off, increased scrutiny“Everybody wants to finance us,” Agarwal told the Financial Times in an interview, citing Indian banks and “American funds”, which he decli...
The woes of Vedanta: How Anil Agarwal's troubles built upThe woes of Vedanta began when rating agency Moody's in October last year downgraded London-based holding company Vedanta Resources, raisin...
Vedanta Resources prepays loans, plans to raise up to $1 billionVedanta Resources has been exploring ways to raise funds to meet upcoming debt maturities, after Indian government's nominees on group comp...
Vedanta shares tank 9% amid negative sentiments. Will there be a turnaround?The stock was trading at Rs 268.40 apiece on NSE, down 6.59% from the previous day's close. In the last five days, the stock has lost 12%.
Government against $3 billion Vedanta international zinc business sale to Hindustan ZincValuation of the assets is among several concerns flagged by the government, which holds a 29.54% stake in HZL that was privatised more tha...
Government plans to oppose Hindustan Zinc's move to buy global zinc assets of VedantaThe government, which has nearly 30% stake in Hindustan Zinc that it intends to sell through offer-for-sale mechanism, is likely to vote ag...
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...
Vedanta to sell Zinc International assets to Hindustan Zinc for $2,981 millionThe assets held THLZV through THL Zinc Ltd (Mauritius) comprising shares held in Black Mountain Mining Pty Ltd, South Africa (69.6 per cent...
Cairn India extends repayment of $1.25 billion loan by two yearsThe extension follows delay in merger of Cairn India with its parent Vedanta Ltd that would have led to the $ 1.25 billion loan being writt...
Vedanta unit seeks rollover of $1.25 billion loan from CairnAsked if the parent group has sought additional loan, he said, "There is no request and we do not foresee any request for incremental loan."
- Vedanta restructures group into 3 commodity focused verticals
Vedanta Resources will structure into three commodity focused verticals: copper and zinc-lead; aluminium and energy; and iron ore. Top Fina...
- Vedanta restructures group into 3 commodity focused verticals
Resources Plc on Tuesday announced a restructuring to simplify the group corporate structure into three commodity focused verticals: copper...