Thu 09/21/2023 07:10 AM
Vedanta Ltd. plans to raise INR 25 billion ($301.2 million) through a private placement of non-convertible debentures, or NCDs, with Oaktree Capital Management expected to anchor the issue, said a source close to and a source familiar with the matter.
The NCDs are expected to be issued this month, the sources said.
While Oaktree is likely to participate in the NCD issue, it is also a holder of bonds issued by Vedanta Ltd.’s parent, Vedanta Resources Ltd., and is trying to
negotiate better...
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