Page 3 - Vedanta Resources
Moody's downgrades Vedanta Resources' CFR to B2 citing weak liquidity
Revised ratings on firm's senior unsecured bonds from "B3" to "Caa1". All ratings remain under review for further downgrade
 "Moody's downgrades Vedanta Resources' CFR to B2 citing weak liquidity")
Vedanta Resources under pressure, sounds out bondholders on debt extension
This comes after the company failed to delist its India unit
Top headlines: Questions over Oxford vaccine data, Vedanta under pressure
Modi bats for One Nation One Election, Keki Mistry says NPAs in real estate will inch up , and more top headlines of the day
 "Top headlines: Questions over Oxford vaccine data, Vedanta under pressure")
Caution prevails over loan to parent despite Vedanta's strong Q2 show
The concerns are outweighing the improved earnings outlook led by rebound in base metals prices
 "Caution prevails over loan to parent despite Vedanta's strong Q2 show")
Moody's flags Vedanta Resources' failure to take full ownership of unit
Failure may result in weakened liquidity for the group, says Moody's.
 "Moody's flags Vedanta Resources' failure to take full ownership of unit")
Vedanta's $1.17 billion debt maturities prompt credit rating warnings
Moody's Investors Service last week put London-based Vedanta Resources under review for a possible downgrade, citing increased refinancing risk and large funding needs
 "Vedanta's $1.17 billion debt maturities prompt credit rating warnings")
Moody's places Vedanta Resources CFR under review for downgrade
This stems from increase in refinancing risk and large funding needs at holding company level, following firm's failure to delist Vedanta Ltd
 "Moody's places Vedanta Resources CFR under review for downgrade")
Vedanta's failed delisting triggers debate on FDI tag, limited disclosure
Officials said the assumption that Vedanta's delisting would have been successful at a price of Rs 140 was "completely misplaced
Vedanta: Rising commodity prices, dividend hopes augur well for the stock
Market experts say the stock had seen good gains in the past two months and touched Rs 140 levels in expectation of the delisting going through at Rs 170-plus per share
 "Vedanta: Rising commodity prices, dividend hopes augur well for the stock")
Delisting failure: Vedanta execs, promoters to mull future action on Monday
Debt restructuring, proposal to approach Sebi for extension could be points of meeting agenda
 "Delisting failure: Vedanta execs, promoters to mull future action on Monday")
Vedanta delisting fate to be known next week, price likely at Rs 160-170
The promoter holding currently 50.14%. Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting
 "Vedanta delisting fate to be known next week, price likely at Rs 160-170")
Vedanta Resources leads India surge in dollar loans to fund local buyouts
Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a $1.75 billion facility in August to finance a plan to take its Indian unit private
 "Vedanta Resources leads India surge in dollar loans to fund local buyouts")
Vedanta raises $1.4 bn via bonds to fund delisting of Indian flagship firm
Bond issuance follows commitments for $1.75 billion that VRL had received earlier for a three-month term loan facility, taking the total amount of debt to $3.15 billion across global debt mark
Vedanta's bond offer serves test of investor appetite for Indian junk debt
The proceeds of the offering will be used to partially fund the privatisation
 "Vedanta's bond offer serves test of investor appetite for Indian junk debt")
In the process of arranging financing for delisting: Vedanta Resources
After shareholders approved delisting of Vedanta Ltd, the firm's parent Vedanta Resources in a statement said it is "in the process of arranging the financing for the delisting"
Delisting spree: Investors in India betting on which companies will be next
In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks
 "Delisting spree: Investors in India betting on which companies will be next")
Fighting coronavirus: It's a mixed bag for Indian firms in Britain
Jaguar Land Rover, a marquee entity of the Tata group, has been majorly hit by the freeze
 "Fighting coronavirus: It's a mixed bag for Indian firms in Britain")
Vedanta delisting price should be raised, say experts; stock ends 1% higher
On Tuesday, VRL had said it would acquire 49.86% from public shareholders at Rs 87.5 a share to delist Vedanta - lower than its last closing price of Rs 90.2
 "Vedanta delisting price should be raised, say experts; stock ends 1% higher")
Vedanta delisting bid 'not serious', says Stakeholders Empowerment Services
Offer price of Rs 87.5 akin to "questioning wisdom of investor", says governance firm.
 "Vedanta delisting bid 'not serious', says Stakeholders Empowerment Services")
Vedanta to be delisted from Indian bourses, says chairman Anil Agarwal
The promoter company Vedanta Resources would acquire all fully paid-up equity shares that are held by public shareholders
 "Vedanta to be delisted from Indian bourses, says chairman Anil Agarwal")
