Vedanta shares jump 2% after Moody's upgrades Vedanta Resources' corporate family rating to B2

Vedanta's shares saw a 2% increase after Moody's raised its corporate rating. The company secured USD 800 million through a new bond issue. This move aims to repay existing debt. Vedanta has actively reduced its debt and improved its financial standing. The company previously raised USD 900 million in September. Vedanta's stock closed at Rs 445.7 on Wednesday.