Cash-strapped Vedanta closing in on $1.5-$2 billion fund from Farallon
The structure being worked out involves part of the funding, $800-$900 million against corporate guarantees of Vedanta Limited (VDL), Agarwal’s flagship listed Indian natural resources conglomerate, for which RBI approval is awaited. The remaining pay out will be offshore to Agarwal’s promoter entities, according to sources.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
