(Bloomberg) -- Vedanta Ltd. has shelved the plan to sell its copper smelter in the southern Indian state of Tamil Nadu, which accounted for almost 40% of the metal’s production in the country, and has doubled down on its efforts to restart the plant, according to people familiar with the matter.Most Read from BloombergSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releas
(Bloomberg) -- Vedanta Resources Ltd.’s dollar bonds rallied on improved liquidity prospects after Vedanta Ltd. announced plans to sell its international zinc operations to unit Hindustan Zinc Ltd. for $2.98 billion and benefit from a dividend outflow by Anil Agarwal’s cash cow.Most Read from BloombergGoogle to Cut 12,000 Jobs in 6% Reduction of Global WorkforceMore Young Americans Are Dying, But Not From VaccinesHolmes Should Be in Prison, Not $13,000-a-Month Estate, US SaysTreasury Taps Retire
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