*Brewing Troubles For Vedanta?*
Bond Markets, worldwide, is the largest market in terms of Investment value. Bond market is also considered more matured and less volatile compared to Equity Markets.
If there is a smoke in bond markets, major fire cannot be ruled out and history has proved it time and again.
Vedanta bond has already turned to JUNK status and lost more than 30% in value. Is it a Smoke of a Fire???
Recently the Government of India, also opposed Vendanta's offer to acquire govt stake for about $ 3B in Hindustan Zinc.
There is also a chatter in the bond markets about doubts in repaying capacity for redemption of bonds up to about $14B starting from 2023 upto 2026.
Vedanta stock has also lost about 40% from its peak that is about 40K Crores in market capitalisation.
Will Vedanta also engulfed in Fire?
Time will say, but keep watch on any developments.
Bond Markets, worldwide, is the largest market in terms of Investment value. Bond market is also considered more matured and less volatile compared to Equity Markets.
If there is a smoke in bond markets, major fire cannot be ruled out and history has proved it time and again.
Vedanta bond has already turned to JUNK status and lost more than 30% in value. Is it a Smoke of a Fire???
Recently the Government of India, also opposed Vendanta's offer to acquire govt stake for about $ 3B in Hindustan Zinc.
There is also a chatter in the bond markets about doubts in repaying capacity for redemption of bonds up to about $14B starting from 2023 upto 2026.
Vedanta stock has also lost about 40% from its peak that is about 40K Crores in market capitalisation.
Will Vedanta also engulfed in Fire?
Time will say, but keep watch on any developments.