India opposes Vedanta's $3b zinc assets sale

India opposes Vedanta's $3b zinc assets sale

FILE PHOTO: A man walks past the logo of Vedanta outside its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui

Vedanta Resources’ efforts to manage its debt load were dealt a blow after the Indian government opposed the mining conglomerate’s proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder.

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