{"id":380946,"date":"2020-10-28T10:26:59","date_gmt":"2020-10-28T04:56:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380946"},"modified":"2020-10-28T10:26:59","modified_gmt":"2020-10-28T04:56:59","slug":"vedantas-failed-delisting-to-weaken-holding-companys-liquidity-moodys","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedantas-failed-delisting-to-weaken-holding-companys-liquidity-moodys\/","title":{"rendered":"Vedanta&#8217;s failed delisting to weaken holding company&#8217;s liquidity: Moody&#8217;s"},"content":{"rendered":"<p>Mining mogul Anil Agarwal-led Vedanta Resources Ltd&#8217;s (VRL) failed attempt to take full ownership of its profitable operating subsidiary Vedanta Ltd will weaken liquidity, Moody&#8217;s Investors Service said on Tuesday giving reasons for it placing VRL&#8217;s rating under review for downgrade.<\/p>\n<p>Earlier this month, VRL did not get the mandatory shares from the public to delist Mumbai-listed Vedanta Ltd (VDL).<\/p>\n<p>&#8220;Without operations of its own, VRL \u2013 as the holding company \u2013 needs to refinance debt maturities at a time of tight capital market liquidity, putting undue pressure on key subsidiaries to upstream cash,&#8221; says Kaustubh Chaubal, Moody&#8217;s Vice President and Senior Credit Officer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining mogul Anil Agarwal-led Vedanta Resources Ltd&#8217;s (VRL) failed attempt to take full ownership of its profitable operating subsidiary Vedanta Ltd will weaken liquidity, Moody&#8217;s Investors Service said on Tuesday giving reasons for it placing VRL&#8217;s rating under review for downgrade. Earlier this month, VRL did not get the mandatory shares from the public to delist Mumbai-listed Vedanta Ltd (VDL). &#8220;Without operations of its own, VRL \u2013 as the holding company \u2013 needs to refinance debt maturities at a time of tight capital market liquidity, putting undue pressure on key subsidiaries to upstream cash,&#8221; says Kaustubh Chaubal, Moody&#8217;s Vice President [&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-380946","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\/380946","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=380946"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380946\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}