vrl

Vedanta very comfortable, concerns over its debt situation misplaced: Anil Agarwal

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Vedanta very comfortable, concerns over its debt situation misplaced: Anil Agarwal

Vedanta Group chairman Anil Agarwal on Tuesday said Vedanta Resources (VRL), holding company of the mining and metals conglomerate, is well-positioned to meet its future debt obligations, and that concerns around the group being over-leveraged are misplaced. “We are very, very comfortable,” said the 69-year-old billionaire in an interview with ET, drawing attention to the … Read more

Anil Agarwal plans to move $1 bn from listed Vedanta as loans

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Anil Agarwal plans to move bn from listed Vedanta as loans

Vedanta Ltd (VIL) had agreed to provide loans and guarantees worth Rs 7,900 crore to its parent Vedanta Resources (VRL) just months before the launch of a delisting offer for the Indian subsidiary by the London-based VRL. About Rs 2,311 crore of this loan had already been given before the launch of the offer, latest … Read more