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Vedanta Ltd.’s demerger of its key businesses into separate listed companies is expected to be completed in the next 9-12 months, as per a top official of the company. The company had pointed towards the demerger last year to unlock value from its metal, power, aluminum, and oil and gas businesses. With several approvals under the process, they also noted that they would require approval from their current lenders in the allocation of debt across the various entities.
Separately, Vedanta Resources is said to have made the partial upfront principal payment on its dollar bonds as part of its restructuring offer.
Vedanta’s 9.25% 2026s are trading stable at 83.78, yielding 18.6%.
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