Anil Agarwal’s Vedanta Resources Ltd Seeks Loan to Meet Debt Repayments

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Vedanta Resources Ltd (VRL), promoted by Anil Agarwal, is reportedly in talks with Deutsche Bank, JPMorgan, Barclays, and other global lenders to secure a loan of $500-600 million. The loan is intended to address upcoming debt repayments for this month. Sources familiar with the matter revealed that VRL, based in London, plans to raise the funds through its Zinc International unit. This move reflects the company’s efforts to manage its debt obligations and ensure financial stability. The discussions with prominent financial institutions indicate VRL’s proactive approach in seeking suitable financial arrangements to meet its repayment obligations.