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 on Monday said G R Arun Kumar has resigned as chief financial officer (CFO) of the company. The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE. The board has taken note of the resignation of GR Arun Kumar from the post of Whole-Time Director & Chief Financial Officer of the company to pursue career outside of the Group, Vedanta said. Kumar has made invaluable contribution towards the company s growth and its transformation journey during his tenure of close to eight years, it added.
Vedanta: GR Arun Kumar resigns as director and CFO
A man walks past the logo of Vedanta outside its headquarters in Mumbai
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On Monday, the company s scrip on BSE closed 5.87% higher at ₹202 apiece
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Vedanta Ltd on Monday said G R Arun Kumar has resigned as the whole-time director and chief financial officer (CFO) of the company.
The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta said in a filing to BSE.
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Arun Kumar resigns as CFO of Vedanta daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Vedanta CFO GR Arun Kumar steps down
e company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE
PTI | February 22, 2021 | Updated 21:24 IST
Vedanta on Monday said G R Arun Kumar has resigned as chief financial officer (CFO) of the company.
The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta Ltd said in a filing to BSE. The board has taken note of the resignation of GR Arun Kumar from the post of Whole-Time Director & Chief Financial Officer of the company to pursue career outside of the Group, Vedanta said.