Vedanta turns to LIC for Rs 5,000 cr as offshore borrowing gets costlier

Fund to be raised via 10-yr bonds; another Rs 2K cr to come via 18-month papers


Vedanta is planning to use the proceeds to prepay or repay existing debt and for capital spending

At a time when higher US interest rates have made it expensive for Indian firms to tap foreign bond markets, mining major Vedanta Limited is likely to have struck a

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First Published: Jun 27 2022 | 7:49 PM IST

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