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Vedanta raises $1.4 billion for repaying debt

30 Dec 2020 Evaluate

Vedanta’s Promoters have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for maturity. The company’s promoters raised $1 billion debt by issuing equivalent notes to Citicorp International. Separately, a unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group. The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta.

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

Vedanta Share Price

787.60 4.85 (0.62%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
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