Billionaire Anil Agarwal’s commodities group will return money raised from banks and bondholders after a plan to retire its Indian unit failed. Vedanta Resources Ltd will pay $ 1.4 billion raised through bonds and another $ 1.1 billion in loans, with a small amount of interest, starting this week, according …
Read More »Vedanta’s opt-out offer fails; shares offered to be returned to investors
Vedanta Ltd’s delisting offer has failed, shows the company’s statement to the stock exchanges. “Vedanta Resources Limited and its indirect subsidiaries have informed us, namely Vedanta Holdings Mauritius Limited and Vedanta Holdings Mauritius II Limited (collectively,” Acquirers “) that the De-listing Offer is deemed to have failed in terms of …
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