Anil Agarwal-promoted Vedanta Resources Ltd (VRL) is in discussions with Deutsche Bank and other global lenders including JPMorgan and Barclays to raise a $500-600 million loan to meet debt repayments later this month, said two people aware of the development.
VRL, headquartered in London, aims to borrow the money through its Zinc International unit.
Following delays in securing funds from Farallon Capital Management, VRL has resumed discussions with banks to explore alternative financing options.
Source:
Economic Times
