Tycoon Agarwal s Plan to Overhaul Vedanta Gets Cautious Shareholder Welcome bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
India Business News: Shares of Vedanta Ltd, owned by Anil Agarwal, rose after the Indian tycoon announced a restructuring plan for his metals-to-oil empire. The stock clim
Adani units slumped Tuesday after India’s Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.
Adani Group listed companies once again saw a steep downfall yesterday after two separate media reports flagged concerns about the conglomerate s debt repayment. While the Economic Times quoted sources saying that the Adani Group is seeking to renegotiate the terms of $4 billion worth loans, The Ken raised concerns over the group’s repayment of $2.15 billion of share-backed loans. aaa
The Adani Group is back in fire-fighting mode after media reports called into question the Indian conglomerate’s ability to repay debt, reviving a selloff in its stock.