Tycoon Anil Agarwal claims to turn Vedanta a zero-debt company amid investor sell-off, increased scrutiny
“Everybody wants to finance us,” Agarwal told the Financial Times in an interview, citing Indian banks and “American funds”, which he declined to name. Vedanta was in talks with JPMorgan and other banks for a $1 billion loan, with an interest rate of 8%-10%, he added. Vedanta borrowed $400 million from Howard Marks’ Oaktree Capital Group in 2020.
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