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VERIFIEDET Finance·neutral

Billionaire Anil Agarwal’s Vedanta unit seeks mega $1.4 billion loan after business split

AI Summary
  • ·Vedanta Aluminium Metal Ltd. is seeking a 135 billion rupee loan from Axis Bank, HDFC Bank, and ICICI Bank.
  • ·This is the first significant local-currency borrowing since the conglomerate's business split.
  • ·The funds will be used to refinance existing debt from the previous integrated company structure.
HDFCBANKICICIBANKAXISBANKVEDL
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