‘Vedanta Resources has successfully made an upfront payment of $779 million in cash on February 7 to bondholders to redeem a portion of the bonds, and extend their maturities,’ the company, promoted by billionaire Anil Agarwal, said
Vedanta s Quarterly Profit Declines on Weak Prices, Higher Costs 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.
'We view Vedanta Resources’ just concluded liability management exercise, which involved three of its US dollar-denominated bonds, as a distressed transaction,' the rating agency said in a statement
Vedanta Cut to Selective Default by S&P After Debt Extension bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.