{"id":392255,"date":"2020-12-30T10:17:45","date_gmt":"2020-12-30T04:47:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392255"},"modified":"2020-12-30T11:03:03","modified_gmt":"2020-12-30T05:33:03","slug":"vedanta-promoters-raise-1-4-billion-to-retire-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-promoters-raise-1-4-billion-to-retire-debt\/","title":{"rendered":"Vedanta promoters raise $1.4 billion to retire debt"},"content":{"rendered":"<p>New Delhi: Promoters of Vedanta NSE -0.12 % 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.<\/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 \u201cwill be used to fund the tender offer for any and all of Vedanta Resources\u2019 (VRL) outstanding $900 million 8.25% bonds due 2021,\u201d the company said in the filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Promoters of Vedanta NSE -0.12 % 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. 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 \u201cwill be used to fund the tender offer for any [&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":[130,191,136],"tags":[],"class_list":["post-392255","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392255","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=392255"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392255\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}