Commodities
Billionaire Agarwal Delivers a 98% Rally to Debt-Market Faithful
Rising metal prices, a better financing backdrop and India’s increasing allure for junk-debt investors have all helped Anil Agarwal’s Vedanta. But challenges remain.
This article is for subscribers only.
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here .
Indian billionaire Anil Agarwal has been through a rocky couple of years as his mining empire struggled to navigate a damaging cash crunch and a depressed commodity market. He’s still a long way from fixing all his financial problems, but creditors who stuck with him at his 2022 nadir have been rewarded with a 98% rally on their dollar bonds.