Anil Agarwal’s Vedanta Resources completes repayments to bondholders
Fri, Feb 9, 2024 10:13 PM

Anil Agarwal’s Vedanta Resources completes repayments to bondholders

A Flip by Shubhangi Gupta
Get it on Google Play
Anil Agarwal's Vedanta Resources has successfully extended the maturity of $3.2 bn in bonds to 2029, with repayment completed on February 7, 2024. The company received a $1.2 billion loan from private credit funds to partly repay these bonds, and also secured a $1.25 billion refinancing and new credit facility. This will help spread out debt maturities, as part of the Vedanta Group's demerger.

More great flips

Freshworks names Dennis Woodside as CEO, shares tumble

Freshworks names Dennis Woodside as CEO, shares tumble

Freshworks said on Wednesday that Dennis Woodside will take over as CEO of the CRM software maker, and founder Girish Mathrubootham will be the firm's executive chairman. Shares of the San Mateo, California-based company fell about 21% in extended trading. Woodside joined Freshworks as president in 2022, with a prior professional record.

Open Flip
Sona Blw Precision Forgings Q4 Results: profit rise by 24.09% YOY

Sona Blw Precision Forgings Q4 Results: profit rise by 24.09% YOY

Sona Blw Precision Forgings Q4 Results: Sona Blw Precision Forgings declared their Q4 results on 30 Apr, 2024. The topline increased by 19.06% & the profit increased by 24.09% YoY. As compared to the previous quarter the revenue grew by 13.09% and the profit increased by 12.03%. The Selling, general & administrative expenses declined by 0.56% q-o-q & increased by 59.8% Y-o-Y.

Open Flip
Exide Industries Q4 Results: profit rise by 2.56% YOY

Exide Industries Q4 Results: profit rise by 2.56% YOY

Exide Industries Q4 Results: Exide Industries announced their Q4 results on 30 Apr, 2024. The company reported a 13.49% increase in revenue and a 2.56% rise in profit year-over-year. In comparison to the previous quarter, the revenue saw a growth of 4.85%, while the profit witnessed a decrease of 7.74%. The Selling, general & administrative expenses went up by 1.37% quarter-on-quarter.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon