Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
VEDANTA'S $3BN DEBT SPOTLIGHT DESPITE SPINOFF PLAN
The Business Guardian
|October 06, 2023
This acquisition binge is to blame for the conglomerate's ballooning debt. At the end of June, Vedanta Resources' total debt was $6.4 billion
-
The money-seeking Vedanta Resources Ltd. of billionaire Anil Agarwal. The junk-rated mining conglomerate has approached investors to restructure $3 billion in bonds that are due in 2024 and 2025, while also dividing its enormous company to better serve the needs of individual businesses. But the group's dollar bonds are in free fall because debt investors aren't persuaded. Indian unit Vedanta Ltd. last week approved a plan to separate its business into six listed companies: aluminum, oil and gas, power, steel and ferrous, base metals and an incubator for new businesses including semiconductors. The reorganization is meant to give investors direct exposure to a business of their choice and improve the value of the group's component parts.
Denne historien er fra October 06, 2023-utgaven av The Business Guardian.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Business Guardian
The Business Guardian
World Food India 2025 sees...
edition, covering diverse topics such as pet food, nutraceuticals, speciality foods, alcoholic beverages, and plant-based foods.
1 min
September 28, 2025
The Business Guardian
Integrating user experience into public policy
Imagine a world where interacting with the government is as seamless as ordering food online.
3 mins
September 28, 2025
The Business Guardian
TRUMP MULLS TARIFFS ON FOREIGN ELECTRONICS
The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each one, according to three people familiar with the matter, as it seeks to drive companies to shift manufacturing to the United States.
1 mins
September 28, 2025
The Business Guardian
GeM and AJNIFM sign MoU to strengthen public procurement in India
The Government e Marketplace (GeM) and the Arun Jaitley National Institute of Financial Management (AJNIFM), on Wednesday, signed a Memorandum of Understanding (MoU) to strengthen India's public procurement system through training, research and knowledge building.
1 min
September 28, 2025
The Business Guardian
20.36 lakh new workers enrolled under ESI scheme
The Employees' State Insurance Corporation (ESIC) added 20.36 lakh new employees under the ESI Scheme in July 2025, according to provisional payroll data released by the Ministry of Labour and Employment.
1 min
September 28, 2025
The Business Guardian
Mumbai airport sees 5M+ international fliers in 8 mths
Chhatrapati Shivaji Maharaj International Airport (CSMIA) welcomed over 5 million international passengers between January 2025 and August 2025.
1 min
September 28, 2025
The Business Guardian
'Surat-Bilimora section of bullet train project to become operational in 2027'
Union Railway Minister Ashwini Vaishnaw has said that the Surat to Bilimora is the first section of the Bullet Train project that will become operational and several new technologies have been introduced into the work on the tracks.
3 mins
September 28, 2025
The Business Guardian
Finance Minister to inaugurate Kautilya Economic Conclave 2025 on October 3
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will inaugurate the Fourth edition of the Kautilya Economic Conclave (KEC 2025) on October 3 in New Delhi.
2 mins
September 28, 2025
The Business Guardian
VIDEOGAME MAKER EA IN TALKS TO GO PRIVATE AT ROUGHLY $50 BILLION VALUATION
Electronic Arts (EA.O), the videogame publisher behind titles such as \"FC\" and \"Battlefield\", is in advanced talks to go private at a valuation of roughly $50 billion, according to sources familiar with the matter.
1 mins
September 28, 2025
The Business Guardian
Starbucks CTO resigns amid tech revamp
Chief Technology Officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters.
2 mins
September 28, 2025
Translate
Change font size