Vedanta Resources puts off planned dollar bond offering after Adani indictment

Vedanta Resources puts off planned dollar bond offering after Adani indictment

FILE PHOTO: A bird flies by the Vedanta office building in Mumbai August 16, 2010. REUTERS/Danish Siddiqui/File Photo

Vedanta Resources has postponed its planned issue of dollar bonds on concerns that U.S. prosecutors’ allegations against Adani group firms could push up borrowing costs for Indian firms, two sources aware of the matter said on Thursday.