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Vedanta readies Rs 30,000-crore war chest to pursue further deleveraging, growth

By Economic Times - 4 weeks ago
Vedanta Ltd prepared a Rs 30,000 crore war chest from various funding sources to accelerate debt reduction and pursue growth. This includes proceeds from qualified institutional placement, offer for sale, and dividends, coupled with existing cash reserves. The company is focused on deleveraging, transformational projects, and a planned demerger to attract investment.

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