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Published: Apr 15, 2023
Updated: Apr 15, 2023
The Vedanta group is drying up its Indian companies by seeking higher dividends from them. The proceeds will be used to repay debt taken by Vedanta Resources PLC -- the Londonbased parent of Vedanta Ltd. Vedanta will not only pay a massive Rs 37,700 crore dividend but it may also have to give a corporate guarantee for over $1 bn in loans to be taken by Vedanta Resources. The only hitch is that the RBI is not keen that the Indian entity gives such a high guarantee for a loan to be taken by the British parent.
Vedanta will certainly keep observers and regulators busy in the months to come as it struggles to pay its loans.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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