In a bid to pare high-cost debt and build an expansion kitty ahead of the mining cycle turnaround, Vedanta Resources, the parent company of Vedanta is planning to raise up to $1 billion in dollar bonds. In this regard, bankers from Barclays, J.P. Morgan, HSBC and Credit Suisse, and the London-based Vedanta are conducting investor road-shows in North America, Europe, Middle East and Asia. Bonds in the latest series would be due for redemption in either 7 or 10 years.
Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.
| Company Name | CMP |
|---|---|
| Hindalco | 1019.80 |
| Vedanta | 780.05 |
| Hindustan Zinc | 587.50 |
| Jain Resource Recycl | 409.50 |
| Gravita India | 1679.85 |
| View more.. | |
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