Vedanta Ltd to Post Loss if Value of Assets are Reviewed
Vedanta Ltd., the natural resource company, might take a loss for the fiscal 2015–16 if there is a change in the book value of its assets based on a review against the stress on commodity prices. This review is in view of the weakness in commodity prices, mainly oil and gas assets. The impact of the changes in assumptions will be a non-cash charge, which is made against a firm’s earnings and does not require cash outlay. But the earnings for the period will be lower due to this change.
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