Deals
Vedanta Seeks to Boost Funds for India Delisting By $600 Million
- Company would use money to cover any shortfall in delisting
- Additional funds would take total financing to $3.75 billion
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Vedanta Resources Ltd. is in talks with banks for a further $600 million to finance the delisting of its Indian unit, according to people with knowledge of the matter.
The London-based commodities conglomerate has already secured $3.15 billion in loans and bonds to buy back the shares it doesn’t hold in Vedanta Ltd. The company would use the extra funds to cover any shortfalls for the proposed offer of the delisting, the people said, asking not to be identified because the discussions are private.