Vedanta Resources mobilises $350 million in fresh borrowing

Vedanta Resources has raised $350 million from global banks. This financing will cover upcoming debt payments and interest costs. The deal involves lenders like First Abu Dhabi Bank, Mashreq Bank, Standard Chartered, Deutsche Bank, and JPMorgan. Twin Star Holdings, a family trust, is the guarantor. This move strengthens Vedanta's credit profile after a period of stress.