Vedanta builds war chest for corporate revamp

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By Morgan Davis
26 Feb 2021

Mining giant Vedanta Resources was back in the debt market on Thursday with a $1.2bn trade, giving further comfort to investors that it has not abandoned its plans to clean up its corporate structure.

The B2/B- Indian company has made frequent appearances in the dollar bond market over the past few months as it raised funds to delist its Indian commodities subsidiary from the Bombay Stock Exchange and the National Stock Exchange of India. The delisting exercise has long been welcomed by ...

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