Vedanta returns loan, redeems bond after failed delisting

By Pan Yue
23 Oct 2020

Metals and mining company Vedanta Resources has returned a $1.75bn loan and redeemed a $1.4bn bond after its plan to delist its Indian subsidiary failed to attract enough support.

Vedanta Resources said in May that it planned to delist its Indian commodities subsidiary, Vedanta, from the Bombay Stock Exchange and the National Stock Exchange as part of a restructuring to simplify its corporate structure.

However, on October 10, the parent said its attempt to take Vedanta ...

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