This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Vedanta Losing Jaiprakash Bid Viewed as a Credit Positive, says CreditSights
November 24, 2025
Vedanta losing the race to acquire distressed infrastructure firm Jaiprakash Associates (JPA) is being viewed as a credit positive as per CreditSights, as it removes the risk of the company absorbing the JPA’s heavy debt, deteriorating earnings, exposing Vedanta to more volatile and working capital intensive real estate, cement, and infrastructure segments. Also, they cited there was “murky strategic rationale for the acquisition”. CreditSights however, remains concerned over Vedanta Group’s aggressive expansion in newer, capital-intensive ventures such as semiconductors and hydropower. JPA’s creditors earlier last week voted in favour of rival bidder Adani Enterprises, mainly as it proposed higher upfront payments over a 1.5-2 years timeframe.
Dollar bonds of Vedanta were stable. Its 11.25% 2031s were trading at 104.95, yielding 10.13%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.