Vedanta readies INR 30,000-cr war chest to pursue further deleveraging, growth

Vedanta Ltd, led by Anil Agarwal, raised INR 30,000 crore through various means, including a qualified institutional placement and an offer for sale. The funds will be used for deleveraging and growth. The company’s profit grew significantly, with a noted reduction in production costs. Vedanta also progressed on its demerger plans, aiming to attract major investments.

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