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 Planning to Demerge Its Business in 4 Separate Entities
February 3, 2025
Vedanta Ltd. is planning to demerge its businesses into four separate entities. The four demerged entities include Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power and Vedanta Steel and Ferrous Metals. Meetings with shareholders and creditors for approval of the demerger will be held on February 18, according to the exchange filing by the company last week. Post demerger, every Vedanta shareholder will receive one additional share in each of the four newly demerged companies. Last week, Vedanta reported its 3Q2025 results with a 70% YoY rise in net profit at INR 48.7bn ($560mn) and its highest Ebitda in eleven quarters at INR 112.8bn ($1.3bn).
Vedanta’s bonds traded stable with its 10.25% 2028s at 102.66, yielding 9.3%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Vedanta Ltd. Reports Strong Q2 Earnings
November 11, 2024
Vedanta Launches Consent Solicitation or $894mn 13.875% 2028s
December 3, 2024
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.