Vedanta Resources plc Raises US $1.7 Billion (Rs. 9,500 Crore) Bond

  • Largest Ever Bond Offering by any Indian Corporate
  • Largest ever bond offering by a high yield Asian issuer
  • Lowest coupon' in the 5 year tranche for an Indian high yield issuer in the G3 debt markets
  • One of the largest orderbook size for an Indian issuer - in excess of US$ 10 billion
  • Vedanta's 4th successful bond transaction
  • Optimal pricing outcome amid high quality demand from high-quality accounts globally registered
By Vajrasar Goswami
Published: May 23, 2013 | Last Updated: 23 May 2013 3:22 PM
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Vedanta Resources pIc (“Vedanta”, LSE: VED) announced the pricing of the offering of bonds in the aggregate principal amount of US$I. 7 billion. The bonds are being offered and sold in two tranches, consisting of (i) US$I.2 billion aggregate principal amount of 6% Bonds due January 2019 and (ii) US$500.0 million aggregate principal amount of 7.125% Bonds due May 2023 (together, the “Bonds”).

This is a landmark transaction for Vedanta, and Vedanta believes this represents one of the largest corporate high yield bond issuances out of Asia ex-Japan.

Anil Agarwal, Chairman of Vedanta Resources pIc said, ”This transaction demonstrates the financial strength and global recognition of Vedanta Group as major natural resources corporate. It is our fourth bond transaction and each time we have been met with increasingly overwhelming response by investors.” [Read more...]

Business

Udaipur Dentist to present Research paper in Tokyo

By Vajrasar Goswami
Published: May 22, 2013 | Last Updated: 22 May 2013 9:13 PM
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Dr-Simlot

Dr. Lomharsh Simlot has been selected to present his research paper in Tokyo, Japan in the conference themed around ‘Shaping the Future of Endodontics’, which is 9th conference in its segment.

Simlot will be reciting two of his research papers and will also give a poster presentation on the subject. The conference is organized by International Federation of Endodontics, where attendees from all corners of the world would discuss on the subject.

Dr. Lomharsh Simlot lives in Udaipur and provides his services as Dental Surgeon at Shriji Dental & Orthodontic Center. He is son of Dr. Chandra Mathur (Add. Principle, RNT Medical College) and J.P. Simlot (Senior Gynecologist).

News

Udaipur Carnival: Shopping Fiesta continues at The Celebration Mall

By Vajrasar Goswami
Published: May 20, 2013 | Last Updated: 20 May 2013 7:39 PM
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Yesterday on the 20th Day of Udaipur Carnival at The Celebration Mall, the dancers brought spree to the ‘retro’ theme of the carnival whereas shoppers enjoyed buying varied number of products, some are specially introduced to add more fun shopping for the large number of visitors.

The decorations of the mall escalated the theme of retro in a way that anybody can get enthralled by the vividness of colors, attractive designs of the older days’ Cinema and know how bollywood evolved while ruling our hearts for decades. [Read more...]

Events

Sachin Pilot Arrives in Udaipur

By Vajrasar Goswami
Published: May 20, 2013 | Last Updated: 20 May 2013 6:53 PM
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sachin-pilot

Sachin Pilot, Central Minister for Corporate Affairs arrived in Udaipur today. Pilot is on a one day visit to Mewar. He arrived in the city early morning and stayed for few hours at Circuit House.

While meeting with local media, Sachin Pilot talked about present scenario of India’s youth and their career. He discussed on sensitive issues of unemployment, “Every year crores of youth face problem of unemployment and it is certainly not possible for government to give all of them jobs in government departments”, said Pilot. “There is a need to develop small scale industries to provide better opportunities for the skillful youth”, he added further. [Read more...]

Politics

Gehlot addresses Mass at Sandesh Yatra

By Vajrasar Goswami
Published: May 19, 2013 | Last Updated: 19 May 2013 7:51 PM
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The seventh segment of the Congress led Sandesh Yatra started today from Gogunda, Udaipur.  A mass gathering was organized in the nearby areas of Gogunda, Jhadol and Falasiya.

Chief Minister Ashok Gehlot arrived in Udaipur today morning to take part in the Yatra and departed to Gogunda after a short stay at Circuit House.  Gehlot arrived at the Udaipur Railway station in the Khajuraho Express.

Senior congress leader Dr. Chandrabhan  also addressed a meeting pertaining to the Sandesh Yatra, encompassing members and workers of the Congress party. [Read more...]

Politics

INOX guest wins Goan holiday

By Vajrasar Goswami
Published: May 17, 2013 | Last Updated: 17 May 2013 8:13 PM
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It was a regular trip to watch a movie at the newly launched INOX multiplex for Yogesh Vyas, little did he realize that this trip to watch GO GOA GONE would land him in Goa for a holiday.

INOX in association with RJ TRADE WINGS organized a ‘Watch and Win’ contest from May 10 – 16, where each guest had to fill in their contact details and one lucky winner would win an all expense paid trip to Goa. The winner Yogesh Vyas was chosen today and they will soon go for a wonderful holiday! [Read more...]

Entertainment
Events

[Movie Review] Go Goa Gone: This Zombie flick is FUN!

By Vajrasar Goswami
Published: May 10, 2013 | Last Updated: 10 May 2013 4:25 PM
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Go-Goa-Gone-review

Cast: Kunal Khemu, Vir Das, Anand Tiwari, Saif Ali Khan, Pooja Gupta
Genre: Comedy
Director: Krishna D.K., Raj Nidimoru
Rating: 3/5
Movie Reviewed At: PVR Cinemas, Udaipur

“Yaar ye zombies India mai kahan se aa gaye. Oh, globalization” as they quote in one of the dialogues, and believe me – this ‘globalization’ effect will have you laugh your guts out throughout the entire span of the movie. ‘Go Goa Gone’ is one of those movies that serves no substance, but is still worth every penny that you spend on it.

First things first, Saif Ali Khan is not the main lead and respect to casting crew to present him that way. The casting for this movie is apt and you’ll appreciate it when you head out to grab popcorn in the interval, but your stomach would be hurting with the laughter bursts and you’ll still be smiling remembering the dialogues. [Read more...]

Blog
Movies

Farewell party for B.Pharma students at B.N. College

By Vajrasar Goswami
Published: May 9, 2013 | Last Updated: 09 May 2013 7:07 PM
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farewell2

Farewell Function ‘Adieu 13’ for the outgoing batch B.Pharma (IV year) was organized at BN Institute of Pharmaceutical Sciences, Udaipur last night by B.Pharma (III year) students.

In the function various activities like Miss Farewell, just-a-minute, chair race, banana and biscuit eating competition, Antakshari, tongue twisters etc were organized. [Read more...]

Events

Vedanta Khushi Online Discussion: “Making Udaipur a Child Beggary and Child Labour Free City”

By Vajrasar Goswami
Published: May 9, 2013 | Last Updated: 09 May 2013 2:23 PM
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Udaipur, City of Lakes and World’s most sought after tourism destination has been lately facing incidents of child beggary and child labour. Before this problem scales up – What solutions do we have? Let us think and discuss together to ensure that our city Udaipur remains a “Child Beggary and Child Labour Free City”.

Now a days when you wait on the traffic signals, from some where small children knock at your car windows or pull your shirt, beggary.. something needs to be done. Parents pushing their children towards child labour to match two-meals. The hands that should hold books and are holding bricks or begging on road-side. [Read more...]

Issues

[To Rent] Apartment for Office use

By Vajrasar Goswami
Published: May 8, 2013 | Last Updated: 08 May 2013 7:51 PM
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Requirement:  2-3 Bedroom apartment

Location: Navratna Complex

Purpose: To be used as an office for a Software Company.

Contact: +91 979 939 1140

Housing