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These debentures, with a face value of ₹100,000 each and a quarterly interest payout, were allotted earlier this year, and will mature in March 2025. Earlier this month, the companys board also approved raising ₹3,400 crore through non-convertible debentures on a private placement basis. ....
Oaktree has stipulated that Vedanta would have to pay 17% interest on the debt in the event of a default, the people said. The proceeds will be used for general corporate purposes. Vedanta has pledged 100% of shares of Sesa Iron and Steel Ltd as security for debt availed from Oaktree. ....
Vedanta promoters make open offer to buy up to 10% stake January 11, 2021 × At ₹160 a share, the company would spend ₹5,948 crore, if the open offer is fully accepted. After making a failed attempt to delist, billionaire Anil Agarwal-owned Vedanta Resources along with Twin Star Holdings, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II has made a fresh open offer to acquire 37.17 crore equity shares representing 10 per cent of its group company Vedanta at ₹160 a share. The company would spend ₹5,948 crore, if the open offer fully is successfully accepted. The open offer price announced by the company is lower than the closing price of ₹182 on Friday. ....