VEDANTA RESOURCES ON TOP OF BENCHMARKS!

VEDANTA RESOURCES, a parent Company of VEDANTA LIMITED, on Friday 10th January, 2025 confirmed having received U.S.$300 Million in loans from financial institutions namely: FIRST ABU DHABI, BARCLAYS & MASHREQ BANKS, aimed at refinancing its, 2024 and 2026 Bonds. Vedanta is in additional discussions with some other Banks for another $200 Million to improve its liquidity standing. In September, 2024 Vedanta managed to raise $900 Million via a U.S. Dollar- Denominated Bond Issue. This five year Bond was oversubscribed to the tune of $1.45 Billion in Orders. This's a very good gesture from Investors who still have the confidence in the Company. The same was used to repay existing Bonds and to lessen on debt. In November, 2024 Vedanta aquired another $300 Million via another Bond Issue for refinancing existing debt. As at September, 2024 Vedanta's debt stood at $11.36 Billion from its previous debt of $12.35 Billion in March, 2024. Rating Agencies, Moody's and S&P GLOBAL have positively acknowledged these financial shifts and have upgraded VEDANTA RESOURCES credit worthiness from B- to B. VEDANTA RESOURCES has of late undertaken many steps to improve its financial standpoint and streamlined its operations. In December, 2024 Vedanta Resources aquired Bondholder Agreement to modify its, 2028 Bonds successfully deleted a vital repayment clause. At the same time, in December, 2024 the Company announced a decision to disregard its Base Metals business from a previous planned Demerger. The Company decided to keep the Base Metals within its existing corporate framework. Apart from its corporate restructuring and financial shifts, Vedanta is still investing in community developments via its NAND GHAR PROJECT. This's in collaboration with the Ministry of Women and Child Development to cater for rural communities in India. They provide nutrition, education, healthcare and women skills development