Vedanta back in debt market, seeks Rs 2k cr via metals arm

Vedanta’s ESL Steel is set to raise ₹2,000 crore via non-convertible debentures. This fundraising follows a previous ₹5,000 crore raise earlier this year. Vedanta’s leverage remains a focus due to dividend outflows to its parent, Vedanta Resources. The company’s net leverage has seen a reduction. Vedanta Resources has also reduced its debt significantly.

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