Investors in Vedanta resources Limited are focusing their attention in a long term plan to streamline a complex group structure that has kept the parent from easily accessing cash at units. The company this week received funding by selling $1 billion notes due 2024 at 13.875%, in one of the highest flows for a dollar bond in Asia this year. The company wishes to use that cash to buyback offer for $670 million of notes due next year.
Investors look for a long term plan in Vedanta
