Vedanta To Raise Up To $1 Billion In Dollar Bonds

Vedanta To Raise Up To $1 Billion In Dollar Bonds

Metals magnate Anil Agarwal’s Vedanta Resources would raise up to $1 billion in dollar bonds in the second such issue in six months, harnessing global liquidity to pare high-cost debt and build an expansion kitty ahead of the mining cycle turnaround. The sale is likely as early as next week, three people with direct knowledge of the exercise told ET.

Indigrid’s Debut Distribution In Line With Promise

Indigrid’s Debut Distribution In Line With Promise

IndiGrid Trust, the infrastructure investment trust (InvIT) sponsored by Sterlite Power Grid Ventures, has reported its results for the first quarter and announced maiden distribution of 0.92 paise per unit to unit-holders for one month of operations, thus becoming the first InvIT to do so.