Debt

Debt financing

Vedanta unit raises Rs. 1,804-Cr from private creditors to onlend to parent: report

Economic Times  

Vedanta Semiconductors, a wholly owned subsidiary of Vedanta, has raised INR 1,804 crore in debt from private creditors. The proceeds will be used to lend to Vedanta Ltd.Vedanta Semiconductors has raised INR 594 crore from Varde Partners backed Credit Solution India Ltd, INR 398.4 crore from Davidson Kempner backed Robusta 4 Finance DAC and Burlington Loan Management, and INR 237.25 cr from Kotak Group-backed Fort Canning Investments Pte. The company also raised INR 149.3 crore from Trust Investment Advisory and INR 94.5 crore from its affiliate Sankhya Financial. It also raised INR 237.5 crore from two Alpha Alternatives Group funds.