- CLARITY NEEDED ON DEBT PLAN: EXPERTS
However, is the firm, helmed by industrialist Anil Agarwal, out of the woods? Not yet, say industry watchers.
The bondholders' consent is a significant step in the overall game plan, but a lot of clarity, including on the restructuring of the total debt, needs to emerge, they say.
On Wednesday, VRL, the parent company of Indian mining major Vedanta, received bondholders' approvals to extend the maturity period of four series of bonds worth $3.2 billion due in the next three years. The bondholders approved extension of the deadline with votes ranging between 97% and 100% in favour, against the minimum 66.7% required.
Esta historia es de la edición January 08, 2024 de Financial Express Mumbai.
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