Vedanta Promoter Group Firms Entered Three Facilities To Borrow $800 Million

Vedanta Promoter Group Firms Entered Three Facilities: Twin Star Holdings Ltd., Vedanta Netherlands Investments B.V. and Vedanta Resources Ltd. signed three separate facility agreements on Nov. 22 to borrow a total of $800 million, according to an exchange filing.

  • Twin Star will borrow $400 million, Vedanta Netherlands will seek $150 million and Vedanta Resources will avail a facility of $250 million.
  • Standard Chartered Bank is the arranger as well as lender on all the three facility agreements.
  • On Nov. 23, Vedanta Group firms bought 138 million Vedanta Ltd. shares at Rs 349.7 a share.
Vedanta Promoter Group Firms Entered Three Facilities To Borrow $800 Million via @goldsilverrepor
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