Vedanta Resources

Vedanta Resources to Deleverage Debt by $3 Billion Over 3 Years

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Vedanta says deleveraging is its priority. The financial year 2025 maturities of $1,100 million and close to $750 million of interest servicing will be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, does not foresee a rollover of … Read more

Vedanta Resources close to raising $1.25 billion from Standard Chartered Bank, Cerberus Capital

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New Delhi | Mumbai: Vedanta Resources, the London-based parent of India’s oil-to-metals conglomerate Vedanta, is close to finalizing a $1.25 billion loan availed jointly from Standard Chartered Bank and Cerberus Capital Management that could help it avert a default on bonds due in January, said people aware of the matter. Standard Chartered Bank will underwrite … Read more