{"id":389931,"date":"2020-12-17T09:24:39","date_gmt":"2020-12-17T03:54:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=389931"},"modified":"2020-12-17T11:55:13","modified_gmt":"2020-12-17T06:25:13","slug":"vedanta-to-raise-8-billion-for-bpcl-bid-in-talks-to-appoint-an-anchor-bank-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-to-raise-8-billion-for-bpcl-bid-in-talks-to-appoint-an-anchor-bank-report\/","title":{"rendered":"Vedanta to raise $8 billion for BPCL bid; in talks to appoint an &#8216;anchor bank&#8217;: Report"},"content":{"rendered":"<p>Mining-to-oil conglomerate Vedanta is planning to raise $8 billion through a mix of debt and equity to secure funds for the acquisition of Bharat Petroleum Corp Ltd (BPCL). <\/p>\n<p>Talks are currently on to appoint an &#8220;anchor bank&#8221; and &#8220;&#8230;discussions with JP Morgan are at an advanced stage,&#8221; Mint reported, citing sources close to the matter.<\/p>\n<p>DH could not independently verify this information. <\/p>\n<p>Vedanta had before November 16 submitted an expression of interest in buying the government&#8217;s 52.98 per cent stake in India&#8217;s second largest fuel retailer. The goverment is selling its stake to raise a record Rs 2.1 lakh crore from disinvestment proceeds in 2020-21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining-to-oil conglomerate Vedanta is planning to raise $8 billion through a mix of debt and equity to secure funds for the acquisition of Bharat Petroleum Corp Ltd (BPCL). Talks are currently on to appoint an &#8220;anchor bank&#8221; and &#8220;&#8230;discussions with JP Morgan are at an advanced stage,&#8221; Mint reported, citing sources close to the matter. DH could not independently verify this information. Vedanta had before November 16 submitted an expression of interest in buying the government&#8217;s 52.98 per cent stake in India&#8217;s second largest fuel retailer. The goverment is selling its stake to raise a record Rs 2.1 lakh crore [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-389931","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=389931"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389931\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=389931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=389931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=389931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}