: vedanta bonds

Vedanta dollar bonds slip after plan to split up India business

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Vedanta dollar bonds slip after plan to split up India business

The dollar bonds of Vedanta Resources slipped, with one dropping the most in more than three weeks, on news Indian billionaire Anil Agarwal is planning to overhaul his sprawling conglomerate to tackle its debts. All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down … Read more

Vedanta bonds fall as liquidity worries revive amid chip setback

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Vedanta bonds fall as liquidity worries revive amid chip setback

Worries around debt repayments and stretched finances in billionaire Anil Agarwal’s Vedanta Resources Ltd. are on underscored by losses in some bonds of the commodity giant. The London-based company’s Indian unit Vedanta Ltd.’s semiconductor-making ambitions were dealt with a blow this week after its Taiwanese partner Hon Hai Technology Group decided to part ways on … Read more