Vedanta back in debt market, seeks Rs 2k cr via metals arm
Resources conglomerate and Mumbai-listed Vedanta is preparing to raise about ₹2,000 crore through rupee-denominated non-convertible debentures (NCDs) at its ferrous metals subsidiary ESL Steel, formerly Electrosteel Steels, people familiar with the fundraising told ET. The notes are likely to be priced around 10%-12%, depending on the structure and guarantee package. Citibank is expected to arrange…
