Business Standard

Volatility in Vedanta Resources bonds rises as group plans to reduce debt

Bankers said the group's bonds have been showing volatility since October last year

Vedanta Resources
Premium

Dev Chatterjee Mumbai

Listen to This Article

The overseas bonds of Vedanta Resources, the holding company of Vedanta group, are witnessing sharp volatility as the Anil Agarwal-owned group races to cut its debt by declaring higher dividend payouts from its Indian subsidiaries.

Statistics since January this year to date shows that Vedanta Resources bonds maturing next year fell by 5.07 per cent while its US Dollar denominated bonds fell by 5.29 per cent year to date. The bonds are witnessing sharp volatility as several rating firms raised red flags over the group’s debt repayment. Vedanta Resources bonds maturing in 2026 fell by 5.74 per cent since January

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 30 2023 | 6:28 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com