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$100 mn repaid to Standard Chartered Bank, encumbrance released: Vedanta

Recently, Vedanta said that it has prepaid all its debt that was due for repayment till March 2023

Vedanta Resources
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BS Web Team New Delhi
Vedanta Resources Ltd on Wednesday said it had repaid $100 million to Standard Chartered Bank on March 10, releasing the encumbrance. 

In a regulatory filing, the company led by billionaire Anil Agarwal said, "The earlier disclosure was made pursuant to facility agreement dated 08 September 2022 entered into between Twin Star Holding Limited, Vedanta Resources Limited and Welter Trading Limited, Standard Chartered Bank (Singapore) Limited for the purposes of availing of a facility of an aggregate amount of $100,000,000. However, the said facility has been repaid and the encumbrance has been released," the company said in a statement.

Recently, Vedanta

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First Published: Mar 15 2023 | 3:58 PM IST

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