FINANCE

Vedanta Resources completed repayments to its bandholders

From the press statement of Vedanta Resources stated that the Company has completed repayments to its bandholders on February 7, 2024.

The consents received earlier in the year in which maturities of 3.2 billion US dollars in bonds were successfully extended to 2029.

Vedanta Group announced a significant demerger and reorganization plan in September last year.

This will recast the Vedanta Group across 17 major businesses. Each of the business has world-class management leadership, employ the latest cutting-edge technologies have import substitution and fulfilment of domestic demand as a core proposition.

They also offer high quality and diversified investment opportunities to institutional and retail investors alike.

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