Vedanta Resources Business Plan: Vedanta Resources will reduce debt by three billion dollars, know everything about their new plan and its impact on the stock market?

Vedanta Resources Business Plan: Vedanta Resources, the parent firm of the country’s leading mining company Vedanta Limited, is planning to reduce its debt by three billion dollars in the next three years. Naveen Agarwal, vice chairman of Vedanta Ltd and a member of the promoter group, said at a recent analysts’ meeting that he does not expect the loan to be extended. It is noteworthy that the company has recently sold a significant part of its shares through its promoter unit Finsider International.

Vedanta Resources’ debt of $ 110 crore is maturing in the financial year 2024-25. The company says that it will not extend this loan further. Limited’s Vice Chairman Naveen Aggarwal said that Vedanta Limited’s cash flow before capital expenditure for the next financial year is estimated to be $ 3.5-4 billion, which is enough to repay the debt. This plan is an important step to strengthen the financial stability of the company, thereby enhancing its business reputation and market confidence. Additionally, the implementation of this plan will also help in the long-term growth of the company. Let us now know what effect this loan of Vedanta Company (Vedanta Resources Business Plan) will have on the entire plan and the market?

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Vedanta Resources’ debt of $110 crore is maturing in the financial year 2024-25.

Naveen Aggarwal said that Vedanta Resources Business Plan has a debt of $ 110 crore in the financial year 2024-25, which includes interest liability of about $ 75 crore. This will be repaid through brand fees, dividends from affiliates and other strategic initiatives. The company has changed its key policies and adopted new plans to manage financial assets.

Vedanta Group recently sold 1.76 percent stake in its promoter company Finsider International, raising Rs 1,737 crore. Aggarwal clarified that the company is not planning to sell any more stake. He said that the company has many opportunities to repay its debt and he is even hopeful of seeing positive results in his shares (Vedanta Resources Business Plan).

Not considering share sale right now –

In a recent analyst meeting, analysts told that Vedanta Resources plans to reduce its debt by $ 1100 million in FY 2025. To achieve this, they will manage interest payments of approximately $750 million, which will be made through brand fees, asset monetization and other strategic initiatives. Vedanta Company is a dynamic organization which continuously evaluates its capital structure with a view to sustainability. He also said that the company has many ways to repay the debt and they are not considering stake sale in the near future.

Additionally, the company recently sold a significant portion of its shares through its promoter entity, Finsider International. Finsider International successfully sold 1.76% of its shares at an average price of Rs 265 per share, raising Rs 1,737 crore. Due to this, the promoter group’s stake in the company has reduced to 61.95%.