Billionaire Agarwal’s Vedanta plans third rupee bond this year

Vedanta, an Indian mining and metals company led by billionaire Agarwal, plans to issue its third rupee bond this year. This move is part of the company's strategy to raise at least Rs 1,000 crore, mainly to refinance debt with maturities of three to seven years. The planned borrowing is significant as Indian companies are increasingly turning to bond markets amid expectations of possible interest-rate hikes later this year, which could make borrowing more expensive.

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Vedanta plans to raise funds through rupee bonds to refinance debt. This move could help stabilize the company's financial position and reduce its debt burden.

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