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Vedanta to proceed with dollar bond sale
Business Standard
|November 26, 2024
Vedanta Resources, which postponed a planned sale of dollar bonds last week after the Adani group's top officials were indicted by US prosecutors, will now launch the issue on Monday, according to two sources.
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The issue, which could raise as much as $500 million, is the first since the Adani crisis and will test global appetite for Indian high yield credit following the allegations against Adani.
Adani Group, led by billionaire Gautam Adani, has said the allegations made by the US authorities are "baseless".
This story is from the November 26, 2024 edition of Business Standard.
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