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Vedanta repays $900 million loan
Mint New Delhi
|March 13, 2025
Mining conglomerate Vedanta Ltd repaid a $900 million high-cost loan through a mix of qualified institutional placement (QIP) proceeds and a new $350 million facility at a lower interest rate, resulting in $550 million net deleveraging and further strengthening of its balance sheet, people said.
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The loan, taken by subsidiary THL Zinc Ventures in May 2023 at 13.9% interest, was partly repaid using funds from Vedanta's $1 billion June 2024 QIP
Bu hikaye Mint New Delhi dergisinin March 13, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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