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

What's Going On With Rail Vision Stock On Friday?

What's Going On With Rail Vision Stock On Friday?

Rail Vision's stock surged 34.4% to $1.04 after the company received certification approval for its MainLine Systems on Israel Railways' passenger locomotives, triggering a $300,000 milestone payment and positioning it for potential future volume procurement. Rail Vision's CEO emphasized the certification demonstrates the company's commitment to excellence and industry standards.

Open Flip
Anlon Healthcare refiles IPO papers for fresh issue of 1.4 crore shares

Anlon Healthcare refiles IPO papers for fresh issue of 1.4 crore shares

Anlon Healthcare, a Rajkot-based pharmaceutical manufacturer, has refiled its IPO draft papers with SEBI, seeking to raise funds through a fresh issue of 1.4 crore equity shares, with no offer-for-sale component, to expand its manufacturing facility, repay debt, and meet working capital requirements. Anlon Healthcare, a Rajkot-based pharmaceutical manufacturer.

Open Flip
These stocks are soaring as the U.S. rushes to patch its electrical

These stocks are soaring as the U.S. rushes to patch its electrical

The ongoing AI boom has made energy stocks one of the hottest corners of investing. Once-boring utility companies are soaring as tech giants look to feed their ravenous data centers, while three of the top 10 best performing stocks in the S&P 500 this year are wholesale power providers with nuclear businesses. Meanwhile, all this demand for energy is lifting another set of companies.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon