Vedanta Resources Limited (VRL/Vedanta) announces that it completed repayments to its bondholders on February 7, 2024 in line with the consents it received earlier in the year in which maturities of $3.2 bn in bonds were successfully extended to 2029.
VRL is pleased to note that with the completion of this exercise, the debt maturities at VRL are more evenly spread which was our main objective for the exercise.
As you are aware, Vedanta Group announced a significant demerger and reorganization plan in September last year. This will recast the Vedanta Group across 17 major businesses. Each of the business has world-class management leadership, employ the latest cutting-edge technologies have import substitution and fulfilment of domestic demand as a core proposition. They also offer high quality and diversified investment opportunities to institutional and retail investors alike. We will update progress on the implementation on a timely basis.
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