India’s Vedanta to raise $120 mln via debt issue
BENGALURU, June 20 (Reuters) – Indian metals-to-oil conglomerate Vedanta (VDAN.NS), opens new tab will raise up to 10 billion rupees (nearly $120 million) by issuing non-convertible debentures through a private placement, the company said on Thursday.
In the past two months, Vedanta’s board has already approved raising up to $300 mln through debentures and a further up to $1 billion, although it is yet to decide on the structure and mode of that fundraise.
Source: REUTER