Fri 04/28/2023 02:00 AM
UPDATE 4: 2:00 a.m. ET 4/28/2023:Vedanta Resources Ltd. or VRL will be raising a $1 billion loan from Farallon Capital Management at THL Zinc Ventures Ltd., a wholly owned offshore subsidiary of VRL’s Indian listco Vedanta Ltd. or VDL which will be secured by a guarantee from VDL as well as a 5.56% share pledge created by VDL on Hindustan Zinc Ltd. or HZL shares, two sources close to the development said.
The transaction requires an approval from the Reserve Bank of India or RBI, which both...
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