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Vedanta Resources successfully raised $500 million through a seven-year US dollar bond issue, which was oversubscribed three times, attracting bids over USD 1.6 billion. This strategic move, backed by strong investor confidence, is part of the conglomerate's ongoing efforts to repay existing high-cost debt, manage liquidity, and extend its debt maturity profile.
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News and Media
Sterlite Electric, part of the Vedanta Group, has filed its DRHP with Sebi to raise funds through an IPO. The issue includes a fresh equity sale and an offer for sale, each of 77.9 lakh shares. Promoters Anil Agarwal and Twin Star Overseas will participate in the OFS. Proceeds will fund debt repayment, capital expenditure, and general corporate purposes.
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News and Media
As a US government shutdown nears, investors are evaluating its market impact. A prolonged shutdown could weaken the economy and the dollar, potentially leading to Fed rate cuts and benefiting emerging markets. Gold demand remains strong amid uncertainty, inflation, and a soft dollar, with prices expected to rise further.
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News and Media
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