Vedanta Resources plans to deleverage $3B debt over 3 years with brand fees, dividends, and asset monetization.
Vedanta Resources, the parent firm of Vedanta Ltd, plans to deleverage $3 billion debt over the next three years and avoid loan rollover, according to a senior official. The company aims to manage FY2025 maturities and interest servicing via brand fees, dividends, asset monetization, and other strategic initiatives. Vedanta is not actively considering stake sales in the near term.
March 03, 2024
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