The billionaire's personal holding company, Vedanta Resources, has amassed about $7 billion of debt and faces a far less receptive bond market than it did in early 2020.
Vedanta's Tuticorin plant stopped operations for maintenance in March 2018 & later extended shutdown due to mounting opposition from villagers against it.
These companies took part in the first pre-application conference for running private trains Tuesday. The Modi government has moved to privatise 151 trains.
India intends to suspend new bankruptcy filings for a year while it cushions companies from fallout of Covid & lockdown further imperils sale of Air India.
Anil Agarwal & his family own 50.1% of Vedanta, whose shares have fallen more than 40% this year, giving the company a market value of about $4.4 billion.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
COMMENTS