An increased brand fee paid by India-listed Vedanta, apart from record dividend, has helped Vedanta Resources (VRL) – the London-based holding company of Vedanta Group – to repay part of its debt. Vedanta paid a brand fee of Rs 2,632 crore ($325 million) for 2022-23 (FY23), according to Nomura report. This was after the Anil Agarwal-owned holding company raised the brand fee to 2 per cent of the turnover for its Indian businesses in 2021.
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