Vedanta Resources has announced that it had completed repayments to its bondholders on February 7 in line with the consents it had received earlier in the year in which maturities of $3.2 billion in bonds were 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,” the company said in a statement.
Vedanta Group had announced a demerger and reorganization plan in September last year. This will recast the Vedanta Group across 17 major businesses.