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Vedanta Aluminium Metal Secures 135 Billion Rupee Bank Loan

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Vedanta Group unit Vedanta Aluminium Metal Ltd. is raising about 135 billion rupees from at least three banks in a syndicated, local-currency loan. Axis Bank will launch a 55 billion rupee portion, with HDFC Bank and ICICI Bank collectively providing about 80 billion rupees, marking the first large rupee borrowing since the group’s split into separate firms.

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