Vedanta Resources aims to prepay a $550 million private credit facility by raising $700 million from banks like Barclays and Standard Chartered, seeking investor consent for early repayment. This refinancing targets a lower interest rate, around SOFR + 400-500 basis points, significantly reducing borrowing costs.
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a
October 22, 2026