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Debt management is going to be a worry for the Vedanta group until FY25 at least. However, the restructuring of business divisions in Vedanta India could lead to an unlocking of values.
The group structure is fairly complex. Anil Agarwal-led Vedanta Resources (VRL), which is London-listed, has a lot of debt on the balance sheet.
It will have to repay $1 billion in secured bonds by January 2024 and at least another $300 million in calendar 2024. ....
Agarwal also spoke about Vedanta's plan for bond restructuring and said the company is committed to the interests of the shareholders and bondholders. ....
Vedanta announces demerger of diversified businesses unlocking significant value udaipurkiran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from udaipurkiran.com Daily Mail and Mail on Sunday newspapers.
Vedanta close to raising $3 bn from JP Morgan, Standard Chartered: Report business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Investec sees the Vedanta demerger as a strategic move that will eventually make it easier for the promoter to consider monetisation or delisting. ....