Mumbai: Adani Capital, a non-banking financial company of the Adani Group, on Friday raised ₹300 crore in three-year senior secured bonds offering 9.75% coupon, people aware of the development said. Bondholders can accelerate payments if the Adani Group’s proposed stake sale in Adani Capital to Bain Capital is called off or if the capital adequacy … Read more
Mumbai: Vedanta Resources’ (VRL) bond prices rebounded from distressed levels to standard ranges after the London-based holding company, which owns mining, metals and resources assets in India, restructured the debt earlier this month. VRL’s 6.125% bond worth $900 million and maturing in August this year, increased from 65 cents to 77 cents post-restructuring. This month, … Read more
Mumbai | New Delhi: Vedanta Resources Ltd (VRL) has launched a liability management exercise to restructure repayments of about $3.8 billion on bonds that are set to mature over the next three years after it secured funds from a bank and private credit funds. The conglomerate is providing bondholders with options to extend maturities and … Read more
Mumbai: A group of Vedanta Resources (VRL) bond investors demanded the company pay at least 75% of the principal and interest on the bonds maturing in January next year and 25% on those maturing in March 2025. For the remaining portion of the two bonds maturing in 2024 and 2025, investors want fresh notes valued … Read more