India's Vedanta in talks to raise up to $3b debt in semiconductors push

India's Vedanta in talks to raise up to $3b debt in semiconductors push

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

India’s Vedanta is in talks with banks to raise debt of $2.5-$3 billion to bolster its semiconductor and display manufacturing plans, as it races to become the country’s first chipmaker, a top company official told Reuters on Saturday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter