What’s state of Vedanta’s finances and what What’s Anil Agarwal saying?

Mining conglomerate Vedanta Resources Ltd, owned by billionaire Anil Agarwal, is seeking to restructure $3 billion worth of bonds due in 2024 and 2025. The company plans to split into six separate listed businesses to unlock value and attract investors. However, debt investors remain skeptical, leading to a drop in the company’s dollar bonds.