๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Vedanta Resources in talks with lenders to raise $1 billion through foreign currency bonds: Sources
Money Control
ยท
11m ago
Medial
Vedanta Resources, the parent company of Vedanta Limited, is reportedly holding discussions with lenders to raise up to $1 billion through foreign currency bonds. The company plans to refinance $600 million of existing bonds and use the remaining funds for equity infusion in existing and new businesses. Vedanta Resources has recently raised over $2 billion through stake sales in Vedanta Limited. The company aims to reduce its debt by $3 billion over the next three years, and S&P has upgraded Vedanta Resources' credit rating to B- due to improving capital structure and liquidity.
View Source
Related News
Moody's downgrades rating on Vedanta Resources' unsecured bonds
Livemint
ยท
1y ago
Medial
Moody's has downgraded the rating of senior unsecured bonds issued by Vedanta Resources from Caa3 to Ca. The credit rating agency also downgraded Vedanta Resources' Corporate Family Rating from Caa2 to Caa3. Moody's cited the company's unsustainable capital structure, high financial leverage, weak liquidity, and continued negative cash flow as reasons for the downgrade. They believe Vedanta will still face liquidity issues and the default risk remains high. Last week, Vedanta received bondholders' approval to restructure four series of bonds.
View Source
Vedanta plans QIP to raise Rs 8,000 crore, bankers appointed for issue: CNBC-TV18
Money Control
ยท
1y ago
Medial
Anil Agarwal's Vedanta is reportedly planning to raise Rs 8,000 crore through a Qualified Institutional Placement (QIP) and has already appointed bankers for the proposed issue. Shareholder approval for the fund raise had been secured in June. The exact details and confirmation of this development are still pending, and Vedanta has declined to comment on market speculation. Vedanta's parent entity, Vedanta Resources, has been aiming to reduce its debt by $3 billion over the next three years. Shares of Vedanta were trading lower by over 2 percent following this news.
View Source
Vedanta's parent may sell $1 billion worth shares to GQG
Money Control
ยท
1y ago
Medial
Vedanta Resources, the parent company of Vedanta Ltd, is reportedly considering selling around $1 billion worth of shares to investment firm GQG Partners. This move is seen as an effort to address the company's high debt burden, which currently stands at $6.4 billion. Vedanta is looking to improve its financial position through measures like debt restructuring and potential divestments. GQG Partners had previously increased its stake in Adani Ports and Special Economic Zone in August 2020.
View Source
Vedanta raises $250 million to settle Zambian copper mine debts, plans to sell 30% stake: Report | Mint
Livemint
ยท
1y ago
Medial
Vedanta Resources has secured the funds needed to pay off the creditors of its Zambian copper mine, Konkola Copper Mines (KCM). The company, led by billionaire Anil Agarwal, will have approximately $250 million to settle its debts. Vedanta regained control of KCM last year after a five-year battle with the Zambian government. The company still needs to raise an additional $1 billion to revive mining operations and invest in the Konkola Deep Mining Project. Vedanta may sell a 30% stake in KCM to raise capital, while the Zambian government owns a 20% stake in the mine.
View Source
Byju's US unit files for bankruptcy in Delaware
Economic Times
ยท
1y ago
Medial
Byju's Alpha, the U.S. unit of Indian ed-tech startup Byju's, has filed for Chapter 11 bankruptcy in the U.S. court of Delaware. The filing shows liabilities in the range of $1 billion to $10 billion, with assets listed as $500 million to $1 billion. Byju's was previously valued at $22 billion but has faced challenges recently, with lenders initiating bankruptcy proceedings. The company plans to raise $200 million through a rights issue to address immediate liabilities. It has also been under scrutiny from Indian authorities for alleged foreign exchange law violations.
View Source
RBI hikes rate caps on diaspora's foreign currency deposits to attract flows
YourStory
ยท
8m ago
Medial
The Reserve Bank of India (RBI) has raised the interest rate caps on foreign currency deposits of the Indian diaspora, aiming to attract more capital flows amidst pressure on the rupee. The move comes as the rupee has hit all-time lows against the dollar, and the RBI seeks to stabilize the currency through forex reserves. Banks now have the option to raise fresh Foreign Currency Non-Resident Bank deposits of 1 to 3 years maturity at higher interest rates. The relaxation is valid until March 31, 2022. The RBI also announced the expansion of the Forex-Retail platform through linkages with Bharat Connect.
View Source
Mukesh Ambani's Reliance Retail in talks to raise $2.5 billion: Report
Livemint
ยท
1y ago
Medial
Reliance is reportedly aiming to raise $2.5 billion in a fundraise, part of its $3.5 billion target. The company recently secured $1 billion from the Qatar Investment Authority (QIA) at a $100 billion valuation. Reliance did not confirm the reports but stated they continually evaluate opportunities. Morgan Stanley is advising on the process, and potential investors remain undisclosed, although sources suggest talks with U.S.-based investors and interest from existing foreign investors and sovereign wealth funds. This investment highlights India's appeal to Western investors amidst concerns over China's economic outlook and geopolitical tensions.
View Source
Vedanta announces โน4,000 cr dividend, plans to raise โน8,500 cr
Livemint
ยท
1y ago
Medial
Mining and metals major Vedanta Ltd plans to raise โน8,500 crore ($1.17 billion) in capital through equity or debt channels. The company also declared an interim dividend of โน11 per share, totalling โน4,089 crore. Additionally, it announced an investment in its Saudi Arabian unit to set up a copper rod plant, citing growth opportunities in new geographies. Vedanta has a history of high dividends, driven by parent company Vedanta Resources' debt payment needs. The firm's shares have gained nearly 70% since the start of the year.
View Source
SoftBank-Backed OYO Withdraws IPO Documents
Inc42
ยท
1y ago
Medial
A startup recently raised $450 million through the sale of dollar bonds and is in talks to secure funding from family offices and a sovereign fund at a potentially lower valuation. This comes after the startup filed its DRHP in September to raise $1.2 billion through an initial public offering.
View Source
Vedanta block deal: 2.2% equity stake sold for Rs 2,255 crore, GQG likely buyer; stock falls
Money Control
ยท
1y ago
Medial
Shares of Vedanta Resources fell on NSE on February 15 after 8.2 crore shares changed hands in block deals. The promoters were reportedly looking to sell stake worth $1 billion in the company to investment firm GQG Partners. Around 2.2 percent equity stake worth Rs 2,255 crore in Vedanta Ltd changed hands in the transactions. The news comes as Vedanta faces substantial outstanding debt of $6.4 billion.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in