Vedanta seeks to restructure $3 billion bonds due in 2024-2025, aiming to unlock value and shore up finances
Vedanta plans to split into six smaller companies, selling off less profitable parts to boost growth in key businesses
Facing $3.2 billion bond repayments by 2025, Vedanta engages in talks for a $1 billion private loan while facing opposition to its repayment proposal
People who invest in Vedanta are concerned because the company's credit ratings are dropping, making their bonds less appealing
Vedanta wants a simpler structure to sell off weaker parts and start again. They hope to complete the process by March 2025
Anil Agarwal, who owns Vedanta, is taking a big chance with this plan. It's a risky move that could affect the company's stability and what investors perceive