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Vedanta seeks to upsize loan to $2.75 billion for delisting


The new financing proposal would boost the second tranche of the loan to $1 billion.

Vedanta Resources’ 6.125% 2024 notes were trading slightly higher at 69.49 cents to the dollar in Asia trading Wednesday.

By Bijou George and Suvashree Ghosh

Vedanta Resources Plc is seeking to increase a planned $2.5 billion loan by $250 million to help it advance a decision to delist its main India unit, according to people familiar with the matter.

The proposed upsizing comes as the London-based mining conglomerate prepares to begin the formal offer, seeking to buy back the shares it doesn ...


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