Vedanta Resources Ltd., led by billionaire Anil Agarwal, is reconsidering the timing of its planned dollar bond sale due to increased market volatility caused by recent events involving the Adani Group's founder.
Sources suggest that this has led the company to pause its bond issuance strategy as it navigates the uncertain financial landscape. The decision reflects a cautious approach in light of market fluctuations and concerns among investors and financial analysts.
Vedanta's reassessment takes into account the potential impact on investor sentiment and market conditions.