17
Feb
Metals and mining juggernaut Vedanta Resources Ltd of Anil Agarwal has successfully concluded its debt restructuring initiative, marking a significant milestone in its financial strategy. The company announced today that it has made an upfront payment of USD 779 million to its bondholders, finalizing repayments as part of the restructuring plan. Vedanta Resources Ltd (VRL) confirmed the completion of repayments on February 7, 2024, following the upfront payment made on Wednesday, according to a statement issued by the company. Earlier this year, Vedanta secured consent from bondholders to restructure four series of bonds, extending maturities totaling USD 3.2 billion to…
