raised Rs 1,000 crore from IDBI Bank and Canara Bank last week for three years at 7.68% to repay existing debt and for general corporate purposes, people aware of the matter said. Of the Rs 1,000 crore which were raised in the form of secured bonds maturing 31 December 2024, both banks subscribed to Rs … Read more
NEW DELHI: Metals and mining magnate Anil Agarwal on Friday announced teaming up with London-based firm Centricus to create a USD 10-billion fund that will invest in stake sale of public sector undertakings. Centricus is a global investment firm. Agarwal, who is the executive chairman of Vedanta Resources said in a tweet, “Teamed up with … Read more
Vedanta Ltd (VIL) had agreed to provide loans and guarantees worth Rs 7,900 crore to its parent Vedanta Resources (VRL) just months before the launch of a delisting offer for the Indian subsidiary by the London-based VRL. About Rs 2,311 crore of this loan had already been given before the launch of the offer, latest … Read more
MUMBAI: About 74 crore shares of Vedanta have been tendered by the public shareholders in the buyback offer made by Anil Agarwal’s Vedanta group to delist the company. A total of 134 crore shares out of 169.73 crore shares held by public shareholders need to be tendered for the delisting to succeed. As on Thursday, … Read more
By Nishant Kumar, Dinesh Nair and Baiju Kalesh Indian commodities tycoon Anil Agarwal, who made a fortune buying state companies and fixing them up, is preparing to raise an investment fund targeting turnaround opportunities in the country, people with knowledge of the matter said. Vedanta Resources Ltd.’s billionaire founder is working with Centricus Asset Management … Read more