Anil Agarwal’s Vedanta raises about $850 million via JPMorgan, Oaktree loan

The Vedanta Group, led by billionaire Anil Agarwal, has secured an $850m loan from JPMorgan Chase and Oaktree as it tries to find funds to pay back a $500m bond. The debt of the Indian mining operation, which suffered a setback after zinc mining unit sale to Hindustan Zinc was blocked, is causing investors concern, with the news agency Bloomberg reporting that Vedanta Resources bonds due to be repaid this year and in 2026 are trading below 70 cents to the dollar.