Billionaire Agarwal’s Vedanta plans third rupee bond this year

retained text

The planned notes will have maturity that could range between three years to seven years, the people said, asking not to be identified discussing private information. The proceeds will largely be used to refinance debt, they said, adding that the bankers participating are likely to be finalized soon.
It would be the conglomerate’s third domestic issuance since raising a total of 75.75 billion rupees through two bond sales in March. A representative at Vedanta didn’t immediately respond to an email seeking comment.
On Thursday, bond yields in the euro zone experienced a modest uptick. Meanwhile, oil prices rebounded slightly from their recent declines, impacting overall market sentiment. Diplomatic negotiations surrounding the Strait of Hormuz are ongoing, despite mixed signals from involved parties. Traders appear to anticipate minimal additional monetary tightening from the European Central Bank. Concerns over inflation and spending have pushed bond yields to levels not seen in several years.
The deal pipeline would help boost the domestic bond market after a slow start this year as firms opted for bank loans to meet financing needs due to lower rates.
Indian companies have borrowed 7.7 trillion rupees via domestic bonds so far this year, down 7% from a year ago, according to data compiled by Bloomberg.
Vedanta Group is in the process of shoring up its balance sheet after listed entity Vedanta Ltd. was split into five separate companies, with four focusing on aluminum, power, oil and gas, and iron ore. Vedanta Aluminium Metal Ltd. is said to be planning to raise about 135 billion rupees from at least three banks, Bloomberg News reported earlier this month.
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

document fetched 2026-08-27 13:04