Vedanta has put a plan to sell its steel business on hold after a $1 billion share sale gave the company more breathing room with its finances, and as environmental and regulatory concerns deter potential bidders, reports Bloomberg. Vedanta has been working on a sale of the business, which includes iron-ore and manganese mines, to raise about $2.5 billion to help reduce the group’s debt load.Vedanta’s fundraise last month has eased some debt pressure.
