{"id":452304,"date":"2021-11-27T10:57:41","date_gmt":"2021-11-27T05:27:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=452304"},"modified":"2021-11-27T12:22:32","modified_gmt":"2021-11-27T06:52:32","slug":"vedanta-promoters-pledge-shares-to-raise-rs-6000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-promoters-pledge-shares-to-raise-rs-6000-crore\/","title":{"rendered":"Vedanta promoters pledge shares to raise Rs 6,000 crore"},"content":{"rendered":"<p>Holding companies of Vedanta Ltd have raised $800 million (about Rs 6,000 crore) by pledging shares in the company, according to a stock exchange filing. <\/p>\n<p>Promoter group firms pledged 242.26 crore or 65.18 per cent shareholding in Vedanta Ltd in three facility agreements to raise the money, a Vedanta Ltd&#8217;s filing showed.<\/p>\n<p>In the first financing deal, Twin Star Holdings Ltd entered into an agreement with Standard Chartered Bank, London to avail of an aggregate amount of $400 million. <\/p>\n<p>In the second, Vedanta Netherlands Investments BV secured $150 million from Standard Chartered Bank, London. <\/p>\n<p>Vedanta Resources in the third facility raised $250 million from Standard Chartered Bank, Hong Kong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Holding companies of Vedanta Ltd have raised $800 million (about Rs 6,000 crore) by pledging shares in the company, according to a stock exchange filing. Promoter group firms pledged 242.26 crore or 65.18 per cent shareholding in Vedanta Ltd in three facility agreements to raise the money, a Vedanta Ltd&#8217;s filing showed. In the first financing deal, Twin Star Holdings Ltd entered into an agreement with Standard Chartered Bank, London to avail of an aggregate amount of $400 million. In the second, Vedanta Netherlands Investments BV secured $150 million from Standard Chartered Bank, London. Vedanta Resources in the third facility [&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-452304","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\/452304","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=452304"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452304\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=452304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=452304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=452304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}