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The Times of India

Business

Bloomberg

Anil Agarwal’s Vedanta raises about $850 million Via JPMorgan, Oaktree loan

Anil Agarwal Vedanta Oaktree JPMorgan Vedanta Group Vedanta Resources Ltd

Billionaire Anil Agarwal’s debt-strapped Vedanta Group took out a fresh loan for about $850 million, its latest effort to come up with funds.

The Indian mining company inked a five-year deal with JPMorgan Chase & Co and Oaktree, according to people familiar with the matter, who asked not to be named because the matter is private.

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