Oaktree Capital provides ₹3,400cr debt facilities to Vedanta for 18 months

Oaktree has stipulated that Vedanta would have to pay 17% interest on the debt in the event of a default, the people said. The proceeds will be used for general corporate purposes. Vedanta has pledged 100% of shares of Sesa Iron and Steel Ltd as security for debt availed from Oaktree.

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