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Published: July 15, 2024
Updated: July 15, 2024
Anil Agarwal-owned Vedanta will soon complete its restructuring and list its six verticals separately. Vedanta Ltd is planning to come out with a share sale to raise funds worth Rs 8,000 crore so that the parent firm can repay its debt.
As per recent cash flow projections, analysts say the Vedanta group will still face funding shortfalls of $850 million and $1.4 billion in FY25 and FY26 respectively — which appears manageable for FY25 in light of equity fund-raising plans but more difficult for FY26
Potential funding avenues that Vedanta could tap into include dividend upstreaming and brand fees from Vedanta Ltd and its opcos, asset and equity stake sales, fresh equity raise, bonds and/or loans. Progress in demerger could act as a modest credit positive for parent Vedanta Resources bonds.
August 15, 2024 - First Issue
Industry Review
VOL XVI - 01
August 01-15, 2024
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