“VEDL: Vedanta: 97% bondholders approve $3.2B restructuring
-
Vedanta Limited: Bondholders approve restructuring of $3.2 billion worth of bonds More than 97% of bondholders of Vedanta Resources VRL approved the restructuring of $3.2 billion worth of bonds due to mature in the next three years.
-
The company said in a statement that the restructuring will reduce its debt by $1.1 billion and extend the maturity of the bonds by an average of three years.
-
Vedanta’s shares were trading at Rs 263.80 on the National Stock Exchange on January 3, 2024.”
This is indeed good news for Vedanta shareholders as the Promoters now have enough time to successfully split the company into multiple focused entities which could create enormous value.
| Subscribe To Our Free Newsletter |
