Holding companies controlled by energy-to-mining tycoon Anil Agarwal face the highest debt repayments in several years just as credit rating firms step up warnings.
Vedanta Ltd. holding companies Vedanta Resources Ltd. and Volcan Investments Cyprus Ltd. must repay a combined $1.17 billion next year. That’s the most since 2017, according to data compiled by Bloomberg.
The Breakdown:
A Vedanta Resources bond principal payment of $670 million due in June. Those notes and others from the company rallied in recent days after Hindustan Zinc Ltd. said it will pay 90 billion rupees ($1.2 billion) in dividends to its shareholders, the biggest of which is Vedanta Ltd.
