{"id":379652,"date":"2020-10-21T10:15:20","date_gmt":"2020-10-21T04:45:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379652"},"modified":"2020-10-21T10:15:20","modified_gmt":"2020-10-21T04:45:20","slug":"vedanta-seeks-ways-to-raise-funds-after-delisting-failure","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-seeks-ways-to-raise-funds-after-delisting-failure\/","title":{"rendered":"Vedanta seeks ways to raise funds after delisting failure"},"content":{"rendered":"<p>Anil Agarwal\u2019s natural resources company Vedanta Ltd may offer an inter-corporate loan to the Singapore-listed Vedanta Resources Ltd (VRL) to help pay off debt, after its bid to delist from the exchanges failed, said two people aware of the discussions, requesting anonymity. The company may also explore the option of bringing in a strategic investor for an equity stake, they said.<\/p>\n<p>Earlier this month, Vedanta\u2019s voluntary delisting bid failed after it could not get the minimum number of bids required from its minority shareholders to take it private. If Vedanta had completed the delisting process, it would have given the company complete control of its cash-rich subsidiary, Hindustan Zinc Ltd (HZL), given that VRL has debt of more than $6.7 billion (about \u20b940,000 crore).<\/p>\n<p>In a workaround, on Tuesday, Hindustan Zinc reported an interim dividend payout of \u20b99,000 crore, at \u20b921.30 a share, or 1.065% of its face value. Vedanta holds a 64.92% stake in HZL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anil Agarwal\u2019s natural resources company Vedanta Ltd may offer an inter-corporate loan to the Singapore-listed Vedanta Resources Ltd (VRL) to help pay off debt, after its bid to delist from the exchanges failed, said two people aware of the discussions, requesting anonymity. The company may also explore the option of bringing in a strategic investor for an equity stake, they said. Earlier this month, Vedanta\u2019s voluntary delisting bid failed after it could not get the minimum number of bids required from its minority shareholders to take it private. If Vedanta had completed the delisting process, it would have given the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-379652","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379652"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379652\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}