The company s promoter Anil Agarwal had pledged the mining company s stake from 2020 onwards in a bid to raise funds. According to the filing, the promoters had pledged 63.71% of shares
Vedanta share price: The real issue for the stock’s underperformance, Nuvama said, has been the continuous overhang of parent company’s debt, whose repayment has now been deferred to FY27.
Over the course of four decades, Agarwal painstakingly built Vedanta into a $10 billion conglomerate. However, facing the risk of overwhelming debt, he is now considering dismantling the company. The pressure is escalating on this entrepreneur who began his journey as a scrap metal trader. Specifically, there is a looming challenge: a $1 billion payment due in January, with $600 million still unfunded. This deficit might necessitate the sale of assets. One potential solution to alleviate the debt burden could involve separately listing different business segments, effectively tackling the financial challenges confronting the company.