トップ > ニュース一覧 > 記事
Vedanta Creditors Meet Tuesday to Vote on India Demerger Planン
Vedanta Creditors Meet Tuesday to Vote on India Demerger Plan

In This Article:

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.

Most Read from Bloomberg

Vedanta Ltd.’s creditors will meet Tuesday to give their final verdict on a plan to split the Indian mining conglomerate into at least five different businesses, a key step in a months-long effort to simplify the group’s structure and help manage its debt burden.

Both secured and unsecured lenders will discuss the much-awaited overhaul plan on Feb. 18 and vote on it, according to a statement from the company.

The plan needs approval from a majority representing three-fourths in debt value of the creditors present at the meeting to be implemented.

Vedanta Ltd. shares have gained about 54% in the past 12 months, giving the company a market value of roughly 1.623 trillion rupees ($18.7 billion) , according to data compiled by Bloomberg. Vedanta Ltd, according to the company, is demerging four companies including oil and gas, aluminium, power, iron and steel businesses.

The overhaul will also allow the billionaire Anil Agarwal-controlled group to list its businesses as separate units and improve the overall valuation of the group. Vedanta’s parent, Vedanta Resources Ltd., will remain the holding company.

Agarwal has long expressed his desire to simplify the complex financial structure, but previous plans could not be implemented despite lenders approval.

The London-based parent has cut its debt by more than $4 billion in the past two years, and aims to repay $3 billion more over the next three years.

--With assistance from Anirban Nag.

Most Read from Bloomberg Businessweek

©2025 Bloomberg L.P.

続きを読む

Advertisement

Advertisement

あなたにおすすめ
Marc Maron Cries at SXSW Sharing How Sharon Stone Helped Him Channel His Grief Over Lynn Shelton Into His Acting
Marc Maron Cries at SXSW Sharing How Sharon Stone Helped Him Channel His Grief Over Lynn Shelton Into His Acting
“I should have been dead at the end of that!”
Here's the Real Story Behind Doechii's Intentionally Visible Face Tape
Here's the Real Story Behind Doechii's Intentionally Visible Face Tape
Lemme guess: You're doing a deep dive on Doechii after her sickening Grammys performance (and historic win as the third woman to take home the award for Best Rap Album). You've already tapped into her gig on The Late Show with Stephen Colbert and know her NPR Tiny Desk Concert by heart, but you couldn't help but notice a certain accessory she pairs with all her iconic looks.
Australian central bank cuts benchmark interest rate for the first time since October 2020
Australian central bank cuts benchmark interest rate for the first time since October 2020
MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools.

Advertisement

Advertisement

‘Peter Hujar’s Day’ Releases First Look Following Sundance Sale
‘Peter Hujar’s Day’ Releases First Look Following Sundance Sale
Following the film’s Sundance premiere and sale to Sideshow and Janus Films, “Peter Hujar’s Day” has released a first look.
Underrated Senators Defenceman Nikolas Matinpalo Doesn't Deserve To Have His Role Diminished In Ottawa
Underrated Senators Defenceman Nikolas Matinpalo Doesn't Deserve To Have His Role Diminished In Ottawa
The inclusion of Nikolas Matinpalo for Finland's Four Nations Faceoff entry raised some eyebrows around this city.
Hulu’s Bumpy Oscar Night: Streaming Experts Unpack The Glitches And Assess The Impact On Disney’s Service
Hulu’s Bumpy Oscar Night: Streaming Experts Unpack The Glitches And Assess The Impact On Disney’s Service
Sunday night’s Oscar telecast started and ended with indelible moments: a stirring Wicked duet and a climactic pair of wins by Anora.

Advertisement

アクセスランキング
Richard Simmons' Brother Lenny Slams Housekeeper's Claim He Spent $843K from Late Fitness Guru's Trust (Exclusive)
Richard Simmons/X
Richard Simmons' Brother Lenny Slams Housekeeper's Claim He Spent $843K from Late Fitness Guru's Trust (Exclusive)
Suncor Energy, Imperial Oil are top picks as Trump risk looms over Canadian energy stocks
Canada’s largest oil and gas producers are due to begin reporting fourth-quarter financial results this week. Analysts say U.S. President Donald Trump’s tariff threats will be an ominous distraction from the industry’s solid performance in the final months of 2024.
Suncor Energy, Imperial Oil are top picks as Trump risk looms over Canadian energy stocks
アメリカ移住のための移民弁護士費用はいくらですか?
アメリカ移住のための移民弁護士費用はいくらですか?
President of NYU's College Republicans Forced to Resign After Calling Barron Trump an 'Oddity on Campus'
Chip Somodevilla/Getty
President of NYU's College Republicans Forced to Resign After Calling Barron Trump an 'Oddity on Campus'
Sundance Award Winner Michal Marczak to Direct Documentary ‘Closure,’ About a Father’s Search for His Missing Teenage Son
Nine years after “All These Sleepless Nights” premiered at the Sundance Film Festival to great acclaim and picked up the directing prize in the World Cinema – Documentary category, Polish director Michał Marczak is gearing up to make “Closure.” The project, selected as part of the Pitching Forum at the Thessaloniki Documentary Festival’s industry section, Agora, follows a father as he scours the depths of Poland’s Vistula River in search of his missing teenage son.
Sundance Award Winner Michal Marczak to Direct Documentary ‘Closure,’ About a Father’s Search for His Missing Teenage Son
NHL Fantasy Hockey Waiver Wire Goalie Pickups March 12 - Montreal's Dobes A Solid Option in Seatlle
On every game day this season, THN Fantasy will highlight players and goalies for fantasy managers to stream or roster for the rest of the season. The recommended players and goalies are rostered in less than 50 percent of Yahoo leagues and can be selected in standard fantasy leagues or for daily fantasy games.
NHL Fantasy Hockey Waiver Wire Goalie Pickups March 12 - Montreal's Dobes A Solid Option in Seatlle
Petronas Mulls Over $1 Billion Loan for Malaysian LNG Project
(Bloomberg) -- Malaysia’s Petroliam Nasional Bhd is in talks with banks for a potential loan to fund a liquefied national gas project, according to people familiar with the matter.
Petronas Mulls Over $1 Billion Loan for Malaysian LNG Project
FAA fires fewer than 400 workers, transportation chief says
By Valerie Volcovici and David Shepardson
FAA fires fewer than 400 workers, transportation chief says
Trudeau gets smiles with stern speech to President 'Donald'
Some people found a bit of levity in Prime Minister Justin Trudeau's remarkably stern speech on Tuesday, as he outlined Canada's response to the potentially devastating tariffs brought by U.S. President Donald Trump.
Trudeau gets smiles with stern speech to President 'Donald'
'I don't see 25% sticking': BMO chief investment officer on Trump's tariff plan
U.S. President Donald Trump’s plan to hit Canada with an up to 25 per cent trade tariff on Feb. 1 boils down to a classic dealmaking tactic, according to the chief investment officer of one of Canada’s largest lenders. Bank of Montreal’s Sadiq Adatia predicts tariffs at that level are unlikely to last long, if they’re imposed at all.
'I don't see 25% sticking': BMO chief investment officer on Trump's tariff plan
Former Saskatoon Christian school director denies hitting students with paddle
A former director of a private Christian school in Saskatoon is denying allegations that he used a wooden paddle to strike students.
Former Saskatoon Christian school director denies hitting students with paddle
Trump, Putin Teams to Talk in Saudi on Ukraine as Europe Fumes
(Bloomberg) -- Top US and Russian officials are to meet in Saudi Arabia on Tuesday to discuss how to end the war in Ukraine, without anyone from Kyiv taking part and as Europe struggles to respond to the rapid pace of events.
Trump, Putin Teams to Talk in Saudi on Ukraine as Europe Fumes
Hong Kong stocks at a three-year high on China outlook
By Tom Westbrook
Hong Kong stocks at a three-year high on China outlook
Justin Baldoni's attorney addresses potential settlement with Blake Lively
Justin Baldoni's attorney insisted they may not be open to a settlement with Blake Lively. The actress, 36, and 49-year-old filmmaker have been embroiled in a bitter labyrinthine legal dispute for months after she accused him of harassment while they made domestic abuse movie ‘It Ends With Us’. Appearing on Matthew Belloni's podcast 'The Town', Baldoni's lawyer Bryan Freedman was asked "what it would require for this to go away", as he referred to the "potential for the circus and the damage to both sides". But Freedman argued: "You keep referring to it as a circus and I get it. You see a lot of cases. "You see a lot of things, but the reality is this is not a circus when you go through an experience like this. "I’ve represented a lot of people in the worst moments of their career, the worst moments of their life. Justin has been destroyed by this." Freedman suggested "the only way" to really attempt to prove his client's innocence could be in court. He continued: "In this day and age, the only way that you can truly get back is to prove your innocence and that’s what we’re actively working to [do]. "That may only be able to be done in a courtroom." Justin, 41, completed filming on 'It Ends With Us' in early 2024 and started a press tour in August, and after fans noted Blake did not participate in interviews with him or attend the film’s premiere. Blake then filed a sexual harassment complaint against Justin – alleging that he and his agents conducted a smear campaign against her. Her lawsuit against him is set to go to trial in March 2026, following her initial filing in New York Federal Court. Blake - who played Justin's on-screen love interest in the movie - previously told the New York Times newspaper: "I hope that my legal action helps pull back the curtain on these sinister retaliatory tactics to harm people who speak up about misconduct and helps protect others who may be targeted." Justin - who also directed the 2024 romantic drama film - has denied the allegations, with his lawyer describing the claims as "categorically false". Bryan, who is acting as a lawyer for the actor and his Wayfarer Studios production company, told Variety: "These claims are completely false, outrageous and intentionally salacious with an intent to publicly hurt and rehash a narrative in the media."
Justin Baldoni's attorney addresses potential settlement with Blake Lively
AI診断でAGA脱毛症が激変!?厚労省が警告する“格安オンラインクリニック”の落とし穴とは?
AI診断でAGA脱毛症が激変!?厚労省が警告する“格安オンラインクリニック”の落とし穴とは?
Andrei Kuzmenko's Debut Brings New Energy into the LA Kings
The Los Angeles Kings increased their forward depth at the NHL Trade Deadline by bringing on Andrei Kuzmenko. Kuzmenko's ability to attack the open ice brings some new energy to the LA offense.
Andrei Kuzmenko's Debut Brings New Energy into the LA Kings
Justin Baldoni's lawyer 'surprised by Ryan Reynolds' joke'
Justin Baldoni's lawyer was "surprised" to see Ryan Reynolds joke about his client's ongoing lawsuit. The 48-year-old actor seemingly referenced Justin's legal dispute with Blake Lively, Ryan's wife, during the 'SNL50: The Anniversary Special' over the weekend, and Bryan Freedman, Justin's attorney, has now questioned Ryan's decision to joke about the lawsuit. Appearing on 'Hot Mics with Billy Bush', Bryan said: "I'm unaware of anybody, frankly, whose wife has been sexually harassed and has made jokes about that type of situation. I can't think of anyone who's done anything like that. It surprised me." During the show, Ryan - who was sat among the audience - was asked: "How's it going?" And in response, the Hollywood star replied: "Great, why? What have you heard?" The joke was widely considered to be a reference to Blake's ongoing legal dispute with Justin. The 37-year-old actress has accused Justin, 41, of causing her "severe emotional distress". The movie star - who played Justin's on-screen love interest in 'It Ends with Us' - previously told the New York Times newspaper: "I hope that my legal action helps pull back the curtain on these sinister retaliatory tactics to harm people who speak up about misconduct and helps protect others who may be targeted." Justin - who also directed the 2024 romantic drama film - later denied the allegations, with his lawyer describing the claims as "categorically false". Bryan, who is acting as a lawyer for the actor and his Wayfarer Studios production company, told Variety: "These claims are completely false, outrageous and intentionally salacious with an intent to publicly hurt and rehash a narrative in the media."
Justin Baldoni's lawyer 'surprised by Ryan Reynolds' joke'
Analysis-Whisper it and it's back: Recession risk creeps onto markets' radar
By Dhara Ranasinghe, Alun John and Samuel Indyk
Analysis-Whisper it and it's back: Recession risk creeps onto markets' radar
TikTok Affiliate Program: How to Make Huge Money with the Latest Trend
TikTok Affiliate Program: How to Make Huge Money with the Latest Trend
Dodgers' Roki Sasaki offers glimpse of tantalizing potential in anticipated spring training debut
GLENDALE, Ariz. — It’s not too often a sellout crowd is in attendance to see a pitcher who's not starting, but that was the case Tuesday as the world waited to finally watch Japanese phenom Roki Sasaki make his spring training debut for the Los Angeles Dodgers against the Cincinnati Reds. It’s been a slow ramp-up to game action for Sasaki, who signed a minor-league deal with the Dodgers this winter. And after pitching in a simulated game last week, he got his first take of game action under the lights at Camelback Ranch.
Dodgers' Roki Sasaki offers glimpse of tantalizing potential in anticipated spring training debut

Advertisement