Vedanta Resources prepays loans, plans to raise up to $1 billion

Vedanta Resources has been exploring ways to raise funds to meet upcoming debt maturities, after Indian government’s nominees on group company Hindustan Zinc’s board objected to a $2.98 billion cash deal to purchase Vedanta’s zinc assets. Vedanta Resources has mandated Cantor Fitzgerald to syndicate a $2 billion loan to service short-term maturities, ET reported on February 16.

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