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S&P gives B-minus to Vedanta Resources guaranteed senior unsecured notes ANI | Updated: Feb 24, 2021 11:25 IST Vedanta Resources Finance II Plc will issue the notes and they will be guaranteed by Vedanta Resources and two of its subsidiaries Twin Star Holdings and Welter Trading. These two subsidiaries together own 38.1 per cent in Vedanta Ltd which is Vedanta Resources subsidiary. The issuer will lend the proceeds to Twin Star for the acquisition of equity shares of Vedanta Ltd in accordance with existing laws. Any remaining proceeds will be used to service existing debt. We rate the proposed notes the same as the issuer credit rating on Vedanta Resources, said S&P.

Vedanta resources ltdVedanta resources finance ii plcVedanta ltdStar holdingsVedanta resourcesVedanta resourceTwin starS amp ampp global ratingsGuaranteed senior unsecured notesService existing debtStable outlookOperational earningsவேதாந்தா வளங்கள் லிமிடெட்வேதாந்தா வளங்கள் நிதி ீ ப்ல்வேதாந்தா லிமிடெட்நட்சத்திரம் ஹோல்டிங்ஸ்