Vedanta to Set up $10bn Fund for Government Assets
Vedanta Resources plans to set up a $10bn fund for acquiring state-owned funds and has already received interest from sovereign wealth funds. The corpus will be floated once the government invites bids for firms like BPCL or Shipping Corporation of India (SCI)....
Vedanta Planning Offshore Issuance of Up to $1bn
Vedanta Resources Ltd. (VRL) is planning to issue 3Y or 5Y offshore bonds worth up to $1bn to refinance debt and reduce funding costs. Vedanta has a $1bn 6.375% bond due July 30, 2022. The issuance is expected in the next couple of weeks. “Companies like Vedanta...
Vedanta Ltd. Announces $662mn Dividend
Vedanta Ltd., the Indian subsidiary of Vedanta Resources Ltd. (VRL) announced that it will give a dividend of INR 50bn ($662mn). This will be its second interim dividend payout this year after its prior INR 69bn ($910mn) dividend announcement in September. It comes...
