iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Vedanta may be getting ready to separate its large operations

28 Sept 2023 , 11:55 AM

News reports claimed that Vedanta Ltd. is close to a deal to spin off operations into a number of listed organizations as part of a comprehensive restructuring that, if successful, may aid tycoon Anil Agarwal in managing the debt load of his metals-to-energy conglomerate.

According to the reports, the corporation has informed its lenders of the reorganization and may make an announcement soon. Businesses such as those in the aluminum, oil and gas, iron ore, and steel industries will be listed individually, news reports added.

The holding firm will continue to be Vedanta Resources, the parent business of Vedanta Ltd. They stated that discussions are still underway and that no decisions have been taken regarding the de-merger's structure or timetable.

For years, Agarwal's troubled Vedanta Resources has prioritized resolving a complex corporate structure. However, the stakes have now increased due to a global rise in borrowing costs and the upcoming redemption of approximately $2 billion in bonds.

The group's March 2025 and August 2024 bonds are currently trading for less than 75 cents on the dollar, which is regarded as distressed. This week, Moody's Investors Service downgraded the parent's ratings even further to junk, citing a higher chance of debt restructuring in the coming months.

A more efficient organization may also enable Agarwal to separate out underperforming or slow-growing assets, something the billionaire has long avoided, while allowing investors to back some of the business's more recent goals, such as those in semiconductors.

Vedanta Ltd.'s market value has decreased by more than a fifth in Mumbai during the past year, to roughly 777 billion Indian rupees ($9.3 billion).

For feedback and suggestions, write to us at editorial@iifl.com

Vedanta Shares Hit 14 Month Low After Moody

Related Tags

  • debt
  • Restucturing
  • Vedanta
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

4 Mar 2024   |   09:10 AM
4 Mar 2024   |   06:22 PM
4 Mar 2024   |   08:40 AM
4 Mar 2024   |   06:37 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.