The holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating subsidiaries to meet its repayment obligations. Vedanta pays annual brand fees, of 2-3% of turnover and is projected at around $300 million, to parent VRL, helping it in servicing its debt obligations.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.