Vedanta plans $1bn foreign bond issue

Vedanta plans $1bn foreign bond issue

Metals magnate Anil Agarwal’s Vedanta Resources, which has interests in industries as diverse as nonferrous metals, iron ore and crude oil, is set to raise up to $1 billion from overseas investors in one of the biggest offshore bond deals this year.

SBI does well to challenge the NCLAT in Essar Steel case

SBI does well to challenge the NCLAT in Essar Steel case

State Bank of India has done well to approach the Supreme Court to challenge the National Company Law Appellate Tribunal (NCLAT) asking the Committee of Creditors (CoC) to reconsider its decision in the Essar Steel matter so as to ensure that operational creditors

Essar Steel CoC may vote against higher payments to StanChart

Essar Steel CoC may vote against higher payments to StanChart

The committee of creditors (CoC) in the Essar Steel insolvency case is likely to vote against higher payments to Standard Chartered, but may partly increase the amount operational creditors get as part of the settlement offered by ArcelorMittal, said people with knowledge of the matter.