Anil Agarwal pledges shares of Mauritius company that owns 13.26% stake in VedantaAs per the documents, Finsider International UK, a company ultimately held by Anil Agarwal’s Volcan Investments, has pledged 1.3 billion sh...
28 Feb, 2024, 02.13 PM IST
Vedanta's $894 million bond interest payment cleared with 7 days' delayVedanta Group's $894 million bond interest payment was delayed by seven days due to a discrepancy. The payment was made following an invest...
26 Feb, 2024, 01.59 PM IST
S&P downgrades Vedanta Resources over "distressed" bond extensionS&P Global Ratings reduced Vedanta's issuer rating to "SD" or "selective default" from "CC," indicating the agency believes the company has...
12 Jan, 2024, 12.22 PM IST
Vedanta Resources' debt rejig plan gets bondholder nodPeople familiar with the matter told ET that the approval is more than 97% for bonds maturing in 2024, 2025, and 2026. The company had to i...
04 Jan, 2024, 05.39 AM IST
Oaktree Capital provides ₹3,400cr debt facilities to Vedanta for 18 monthsOaktree has stipulated that Vedanta would have to pay 17% interest on the debt in the event of a default, the people said. The proceeds wil...
23 Dec, 2023, 09.19 AM IST
India-listed Vedanta raises Rs 3400 crore from Oaktree Capital at 12%India-listed Vedanta has raised funds around the time its holding company is working round the clock to arrange funds to refinance its upco...
23 Dec, 2023, 09.17 AM IST
Vedanta Resources confident of bond recast plan successAn ad hoc group holding two guaranteed bonds of Vedanta Resources (VRL) has advised investors to reject the proposed bond restructuring out...
21 Dec, 2023, 06.33 AM IST
Vedanta Resources outlines terms for bond restructuringThe management was speaking to bondholders for consent solicitation exercise for restructuring a series of bonds, including those due in Ja...
15 Dec, 2023, 01.13 PM IST
Vedanta Resources begins process to rejig $3.8-billion bond repaymentsAs part of the plan, Vedanta Resources is to pledge 13% of its stake in Vedanta Ltd (VDL) to secure a $1.25 billion financing package from ...
14 Dec, 2023, 09.07 AM IST
Vedanta Resources in talks with Cerberus, Varde for $500-m loanSources told ET that the new loan is expected to be raised at a significantly higher interest rate, around 17-18%, compared with prepayment...
02 Nov, 2023, 12.04 AM IST
Why Anil Agarwal is breaking up the empire he built on metal and a mine of ambitionOver the course of four decades, Agarwal painstakingly built Vedanta into a $10 billion conglomerate. However, facing the risk of overwhelm...
01 Nov, 2023, 12.16 AM IST
Vedanta’s demerger seen credit negative for parent’s bondholdersCreditSights has maintained its 'buy' recommendation for Vedanta Resources but said it would prefer April 2026 bonds of the company.
09 Oct, 2023, 03.13 PM IST
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...
25 Sep, 2023, 05.38 AM IST
Vedanta Resources to meet debt holders in HK, SingaporeAnil Agarwal-promoted Vedanta Resources, the parent company of India-listed Vedanta Ltd, has $1 billion 13.875% bonds due in January 2024, ...
08 Sep, 2023, 06.28 AM IST
Vedanta bonds fall as liquidity worries revive amid chip setbackVedanta Resources, owned by Indian billionaire Anil Agarwal, is facing concerns over debt repayments and finances, as evidenced by a slump ...
14 Jul, 2023, 03.43 PM IST
Vedanta transfers royalty from HZL to UK holding companyVedanta Resources' top management told bondholders at the annual investor call earlier this week that in the first quarter, Vedanta paid a ...
14 Jun, 2023, 05.49 AM IST
Anil Agarwal’s debt-cut blitz turns heat on Vedanta unitsIndian mining conglomerate Vedanta Group’s long-term financial health is under question as its billionaire owner, Anil Agarwal, seeks to re...
24 May, 2023, 10.20 AM IST