{"id":392192,"date":"2020-12-30T08:42:42","date_gmt":"2020-12-30T03:12:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392192"},"modified":"2020-12-30T09:01:32","modified_gmt":"2020-12-30T03:31:32","slug":"promoters-of-vedanta-raises-1-4-billion-to-retire-debt-says-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/promoters-of-vedanta-raises-1-4-billion-to-retire-debt-says-report\/","title":{"rendered":"Promoters of Vedanta raises $1.4 billion to retire debt, says report"},"content":{"rendered":"<p>Promoters of Vedanta Ltd have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for maturity. <\/p>\n<p>In a stock exchange filing, Vedanta said its promoters raised $1 billion debt by issuing equivalent notes to Citicorp International Ltd. <\/p>\n<p>Separately, a unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group. <\/p>\n<p>The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd. <\/p>\n<p>The funds raised from Citicorp &#8220;will be used to fund the tender offer for any and all of Vedanta Resources Limited&#8217;s (VRL) outstanding $900 million 8.25 per cent bonds due 2021,&#8221; the company said in the filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Promoters of Vedanta Ltd have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for maturity. In a stock exchange filing, Vedanta said its promoters raised $1 billion debt by issuing equivalent notes to Citicorp International Ltd. Separately, a unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group. The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd. The funds raised from Citicorp &#8220;will be used to fund the tender offer for any and all of [&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":[135,130,169],"tags":[],"class_list":["post-392192","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392192","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=392192"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392192\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}