NEW DELHI: Investors in Vedanta Resources Ltd are turning their attention to the miner’s longer-term plan to streamline a complex group structure that has kept the parent from easily accessing cash at its units.
Vedanta Resources, controlled by billionaire Anil Agarwal, allayed some immediate concerns this week when it received vital funding by selling US$1bil notes due 2024 at 13.875%, albeit at one of the highest yields for a dollar bond in Asia this year.
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