Vedanta raises about $850 million Via JPMorgan, Oaktree loan

Indian mining company Vedanta Group, which is struggling with heavy debt, has secured a five-year loan of about $850m from JPMorgan Chase and Oaktree. The group, owned by billionaire Anil Agarwal, has a $500m bond due imminently and also needs to pay off approximately $2bn of US-currency bonds by 2024.

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