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HINDZINC 
Reputation: 642,681 • Jul 24, 2023 6:11 AM
Vedanta Resources rolls over group company debt at big interest markup
By extending inter-company loans, VRL can address outstanding external debt requirements, including a $1bn bond due in January 2024. The move could also enable VRL to borrow $2.4bn, upfront, using brand fee receivables to repay outstanding debt obligations.
The Economic Times
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