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Investec sees the Vedanta demerger as a strategic move that will eventually make it easier for the promoter to consider monetisation or delisting. ....
The 5 new companies will be named Vedanta Aluminum, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials and Vedanta Base Metals. Vedanta will act as an incubator for Vedanta Group, while also functioning as the holding company for Hindustan Zinc. ....
Vedanta Ltd s parent company Vedanta Resources Ltd (VRL) has debt repayments worth $1.3-1.4 billion to make in the next six months, including bond payments of $1 billion in January 2024. In FY25, there are debt obligations worth $3 billion, besides interest-servicing requirements, according to various brokerage estimates. ....
Vedanta Ltd, burdened with debt, plans to complete the divestment of its steel assets by March 2024, according to Chairman Anil Agarwal. The conglomerate also intends to demerge its business units into independent companies to unlock value. Agarwal stated that the steel assets would be sold in the current fiscal year. Vedanta Resources, the UK-based parent company, has faced challenges in raising funds due to rating downgrades and concerns about meeting debt obligations. Agarwal confirmed that all payments due in 2024 would be honored. ....