Hedge fund Kyma Capital to take Vedanta dispute to US regulators

REUTERS/Dado Ruvic

Kyma Capital, founded by former Blackstone trader Akshay Shah, is set to complain to U.S. regulators in a dispute with Indian billionaire Anil Agarwal over nearly $1 billion in loans by Vedanta Limited to its parent company, a source familiar with the matter told Reuters.

Kyma Capital, a London-based hedge fund that owns shares in Vedanta Limited, plans to lodge its complaint with the U.S. Securities and Exchange Commission in February and seek repayment of four loans totalling $956 million made by Vedanta Limited via its overseas subsidiaries to parent Vedanta Resources.

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