• Anil Agarwal’s company, Vedanta Resources Ltd., has a large amount of debt, including a $1 billion bond due in January.
• Agarwal tried to secure finances for $1.5 billion in loan and bond repayments between September 2022 and January 2024, but hit a roadblock.
• Agarwal’s plan to merge debt-laden Vedanta Resources with its cash-rich, Mumbai-listed unit, Vedanta Ltd., did not materialize.
• Vedanta Resources’ B- credit rating, which is already deep in the junk-bond category, could come under pressure if fundraising fails.
• Agarwal’s attempt to offload mining interests in South Africa and Namibia to Hindustan Zinc, which has a cash pile, was balked at by the Indian government, which still owns about 30% of Hindustan Zinc.
• If Agarwal can’t take Hindustan Zinc’s cash all the way up to his privately held Vedanta Resources, his ability to pay down debt may be impaired, forcing him to borrow more.
• If Agarwal tries to force the asset sale and incurs the government’s displeasure in the process, his ambition to partner with Taiwan’s Foxconn Technology Group for a $19 billion semiconductor factory might come under a cloud.
• Agarwal’s lack of chip making competence has been questioned by influential voices, such as the University of Chicago economist Raghuram Rajan, a former central bank governor.
About Knocking News (नॉकिंग न्यूज़)
शिक्षा , इतिहास , अर्थशास्त्र, राजनीति और अन्य समसामयिक विषयों पर पत्रकार गिरिजेश वशिष्ठ के विश्लेषण इस चनल पर लगातार मिलता है. आजाद, खुली और स्वस्थ पत्रकारिता को अपने अनुभव से लेकर आते हैं.
ये चैनल पत्रकार गिरिजेश वशिष्ठ के विश्लेषणों का चैनल है. गिरिजेश वशिष्ठ वरिष्ठ पत्रकार हैं. वो इन्डिया टुडे ग्रुप, दिल्ली आजतक, ज़ी, दैनिक भास्कर, दैनिक जागरण, सहारा समय समेत अनेक महत्वपूर्ण समाचार संस्थानों में संपादक के स्तर पर जिम्मेदारियां संभाल चुके हैं और पिछले 34 साल से लगातार सक्रिय हैं.
This is a analysis channel of Girijesh Vashistha. Girijesh Vashistha is a senior journalist; he has worked with India Today group, Zee Network, Dainik Bhaskar, Dainik Jagran and sahara samay like Prominent News organizations for 34 years at Editor Level
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