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.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.