Will be able to raise the targeted $2 billion, says Vedanta Resources

Investors jittery as Vedanta stocks, bonds take a hit amid debt worries

Vedanta investors were jittery on Tuesday as its share price fell and bond yields of its parent firm rose following concerns raised by a rating agency on its capability to repay debt maturing later this year.

Shares of the mining and metals major were down by 7 per cent on Tuesday to Rs 268 a piece on the BSE.

The company has lost market valuation of 30 per cent in the last one year and 13 per cent since January 1 this year. Yields on the bonds of Vedanta Resources, the parent firm of the BSE-listed Vedanta, shot up to