InvestorQ : Is it true that Vedanta is seeking funds from LIC instead of the bond markets?
Rashi Mehra made post

Is it true that Vedanta is seeking funds from LIC instead of the bond markets?

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Archita Jajjoo answered.
2 months ago
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Amid rising bond yields Vedanta is relying on LIC to fund Rs4,809 crore. It is likely to be a private placement at a coupon of 8.5%. Vedanta will use the proceeds to repay existing debt and for capex. Weak rupee is also hitting the foreign currency borrowers.

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