💨 Abstract

Vedanta Resources, the parent company of Indian miner Vedanta, has secured $300 million in loans from Barclays, First Abu Dhabi Bank, and Mashreq. The funds will be used for refinancing some outstanding bonds and meeting debt servicing obligations. The company aims to upsize the deal to $500 million by negotiating additional loans of $200 million from other banks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖