{"id":394689,"date":"2021-01-12T10:46:24","date_gmt":"2021-01-12T05:16:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394689"},"modified":"2021-01-12T10:46:24","modified_gmt":"2021-01-12T05:16:24","slug":"vedanta-resources-bonds-rise-after-open-offer-for-its-india-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-resources-bonds-rise-after-open-offer-for-its-india-unit\/","title":{"rendered":"Vedanta Resources bonds rise after open offer for its India unit"},"content":{"rendered":"<p>Vedanta Resources Ltd.\u2019s bond rose after the miner launched an offer for its India unit, its latest attempt aimed at simplifying a corporate structure that hinders the parent from easily accessing cash at subsidiaries.<\/p>\n<p>The London-based company\u2019s 2022 dollar note gained 1.9 cents on the dollar to about 92.4 cents, the highest since March, Bloomberg-compiled prices show. Vedanta Resources and its three units plan to buy as many as 371.75 million shares of Mumbai-based Vedanta Ltd. at Rs160 each in a Rs59.48 billion ($812 million) deal, according to an exchange filing Saturday.<\/p>\n<p>If the entire offer is taken up by shareholders, Vedanta Group could increase its stake in the Indian unit by 10 percentage points to 65.11%. Shares in Vedanta Ltd. fell about 2% to Rs178.5.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Resources Ltd.\u2019s bond rose after the miner launched an offer for its India unit, its latest attempt aimed at simplifying a corporate structure that hinders the parent from easily accessing cash at subsidiaries. The London-based company\u2019s 2022 dollar note gained 1.9 cents on the dollar to about 92.4 cents, the highest since March, Bloomberg-compiled prices show. Vedanta Resources and its three units plan to buy as many as 371.75 million shares of Mumbai-based Vedanta Ltd. at Rs160 each in a Rs59.48 billion ($812 million) deal, according to an exchange filing Saturday. If the entire offer is taken up by [&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-394689","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\/394689","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=394689"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394689\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}