Vedanta Resources to raise up to $2.5bn for Indian unit delisting
The metals and mining firm is in talks with global banks to help finance the delisting offer of Vedanta Ltd. Vedanta Resources is reportedly raising up to $2.5 billion in short-term loans from international banks to help finance the delisting offer of Vedanta Ltd. Banks such as JP Morgan, Barclays, Standard Chartered and Citi have been tapped to underwrite the facility in three-month and 12-month maturities. “JP Morgan is the lead banker to the deal. They are also talking to [...]
