{"id":410701,"date":"2021-04-15T10:21:45","date_gmt":"2021-04-15T04:51:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410701"},"modified":"2021-04-15T11:21:48","modified_gmt":"2021-04-15T05:51:48","slug":"higher-stake-in-subsidiary-to-boost-vedanta-resources-liquidity-sp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/higher-stake-in-subsidiary-to-boost-vedanta-resources-liquidity-sp\/","title":{"rendered":"Higher stake in subsidiary to boost Vedanta Resources\u2019 liquidity: S&amp;P"},"content":{"rendered":"<p>Vedanta Resources will get greater access to cash flows from its Indian subsidiary Vedanta Ltd once its stake in the company increases after an open offer, S&amp;P Global Ratings said on Tuesday.<\/p>\n<p>Billionaire Anil Agarwal-led Vedanta Resources\u2019s stake in Vedanta Ltd is likely to increase to 65% from 55%, after the open offer that closed on 7 April. Greater ownership will reduce dividend leakage and enhance its refinancing ability, S&amp;P said.<\/p>\n<p>\u201cIn addition, some surplus cash from the funding for the open offer has materially reduced refinancing risk for the India-based commodity conglomerate for fiscal 2022,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Resources will get greater access to cash flows from its Indian subsidiary Vedanta Ltd once its stake in the company increases after an open offer, S&amp;P Global Ratings said on Tuesday. Billionaire Anil Agarwal-led Vedanta Resources\u2019s stake in Vedanta Ltd is likely to increase to 65% from 55%, after the open offer that closed on 7 April. Greater ownership will reduce dividend leakage and enhance its refinancing ability, S&amp;P said. \u201cIn addition, some surplus cash from the funding for the open offer has materially reduced refinancing risk for the India-based commodity conglomerate for fiscal 2022,&#8221; it added.<\/p>\n","protected":false},"author":40,"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-410701","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\/410701","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=410701"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410701\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}