Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a US$1.75bil facility in August to finance a plan to take its Indian unit private, and is in talks with banks for a further US$600mil.
MUMBAI: Massive borrowing by Vedanta Resources Ltd has helped push up Indian firms’ dollar loans to fund the privatisation of companies and acquisitions to the most in six quarters.
Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a US$1.75bil facility in August to finance a plan to take its Indian unit private, and is in talks with banks for a further US$600mil.
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