Holding companies of Vedanta Ltd have raised USD 800 million (about Rs 6,000 crore) by pledging shares in the company, according to a stock exchange filing.
Promoter group firms pledged 242.26 crore or 65.18 per cent shareholding in Vedanta Ltd in three facility agreements to raise the money, a Vedanta Ltd's filing showed.
In the first financing deal, Twin Star Holdings Ltd entered into an agreement with Standard Chartered Bank, London to avail of an aggregate amount of USD 400 million.
This story is from the November 27, 2021 edition of The Free Press Journal - Mumbai.
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This story is from the November 27, 2021 edition of The Free Press Journal - Mumbai.
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