Vedanta Group collaborates with JPMorgan Chase & Co. for advice on the conglomerate’s overhaul announced in September. The move indicates progress in simplifying the complex financial structure of Anil Agarwal’s energy-to-metals group.
Vedanta is actively seeking funding to repay approximately $3 billion of dollar bonds maturing over the next two years.
The conglomerate is in advanced talks to secure a $1.25 billion private loan to meet its refinancing needs. The demerger process of this magnitude requires multiple steps, including stock exchange notifications, according to a Vedanta spokesperson. Advisors for the demerger will be appointed after initial regulatory approvals are obtained.
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