Vedanta tackles unwieldy corporate structure

The mining company has simplified its corporate structure but Vedanta bondholders are further away from the operating assets.

Vedanta Resources, the London listed miner controlled by Indian billionaire Agarwal Agarwal, has long had a complex corporate structure that has been difficult for investors to understand. Its heavy debt levels have also been a concern among investors and rating agencies.

The company, whose operations span Zambia to South Africa, last month concluded a restructuring that streamlines the company.

“There was a need to simplify the corporate structure,” said Ashish Garg, vice president, corporate finance, in a recent interview with...

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