Vedanta Resources may raise $1.2 billion to refinance debt

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The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrument is likely to be priced around 10.2%, where the bond is trading.

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34 mutual fund NFOs mobilised Rs 13,852 crore in December

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