Anil Agarwal’s Vedanta Faces a $3 Billion Debt Challenge

Indian billionaire Anil Agarwal faces a significant financial challenge as his company, Vedanta Resources Ltd., grapples with the impending maturity of $3 billion in dollar bonds over the next two years.

[{"selector":"#anim-d746584a-bc39-4adf-bc78-d456964af10b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0c9b8203-0942-4f3f-80ea-32762c1b749d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9e486ef-28c6-4a54-a1ff-a2c2dc3cbb1e","keyframes":{"transform":["translate3d(0px, 118.30859%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ff94a998-f736-421b-94d3-ac07a871da3c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3a3af6a-d3f5-4e8d-bebb-1bb4cfacf728","keyframes":{"transform":["translate3d(0px, 104.85400%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Equity investors are banking on the new subsidiaries funneling as much cash as possible to the parent company, thereby benefiting shareholders.

[{"selector":"#anim-b94688cc-a1b8-45c7-98fd-821963c2779d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afd77aac-1901-48b4-81cb-cc2e29158fa1","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2e54dac-c917-4fe1-b723-06596a52403a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-283907c4-de27-43cc-9e82-e1110a17e0b0","keyframes":{"transform":["translate3d(0px, 155.68553%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a650ed4-30c9-4034-924c-40d01eacccb8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(6.579831890776827%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Alternatively, Anil Agarwal might explore selling one or two of the operating companies or seek debt maturity extensions.

[{"selector":"#anim-2cd56aa2-def5-423d-aefd-ce7bc5bf40fa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(18.592284929537218%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ae837140-cdcb-4529-87c6-7ef2346500a5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d794abb8-4a0c-44c0-80a5-26c18846677c","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b40a538-3e5e-4f6d-816f-cad169afa024","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2417e85-b2d3-48e3-81d9-bbce6e845dbc","keyframes":{"transform":["translate3d(0px, 187.56796%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]