While Vedanta has said that it aims to value the assets of its demerged entities by their book values, CreditSights believes that it is a relatively straightforward approach as book values are captured at a point in time, "carrying values could be outdated, and may not accurately reflect future profitability and cash flow generation of the business".
India Business News: Vedanta Resources Ltd completed repayments to bondholders as part of the debt restructuring exercise, making an upfront payment of USD 779 million. Th
‘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
ParaZero and OVRL make history overcoming the previous regulatory barriers, now enabling the first operational approval in Australia for an organization to.
A group of bondholders of Vedanta Resources, including Oaktree Capital Management and Avenue Capital, have appointed Cleary Gottlieb Steen & Hamilton LLP as their legal advisor. The move comes as Vedanta Resources initiates talks with bondholders to roll over the bonds on different terms. The company is also in discussions with global private credit funds to syndicate a $1 billion short-term loan to partially pay off $3.2 billion of bonds maturing in 2024 and 2025.