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Vedanta Resources Limited (VRL) plans to reduce its debt by $3bn through FY 2027 by using cashflows from brand fees and dividends from subsidiaries, according to its management. The company expects cashflows of $1.3bn from brand fees and $4.5bn from dividends over the next three years from its subsidiaries, mainly Vedanta Ltd. and Hindustan Zinc. According to Nuvama Institutional Equities, VRL’s debt obligations are expected to be $1.6-1.8bn in each of the financial years 2025 and 2026. As reported earlier, the company is also looking to monetize its steel and iron ore assets, along with reducing stake further in Vedanta Ltd. to generate more cash.
Vedanta’s 9.25% 2026s traded stable at 83.6 cents on the dollar, yielding 18.9%
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