Vedanta Aluminium Metal Secures 135 Billion Rupee Bank Loan
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.