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Vedanta’s holding company raises $1 billion through bonds

12 Apr 2019 Evaluate

Vedanta’s holding company -- Vedanta Resources through its wholly-owned subsidiary-- Vedanta Resources Finance II plc has raised $1 billion through bonds sold in two tranches resulting in blended average cost of 8.75 per cent and average maturity is 5.8 years.

The company intends to use the net proceeds primarily to repay debt. The bonds, which were sold in two tranches, attracted interest from global investors across Europe, North America and Asia.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.


Vedanta Share Price

274.90 -7.05 (-2.50%)
07-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco Industries 969.60
Vedanta 274.90
Hindustan Zinc 530.75
Jain Resource Recycl 347.70
CMR Green Tech 238.30
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