Khaitan & Co acted as Indian legal advisor to Vedanta Resources Finance II plc in relation to the offering of 10.875 per cent USD 900 million senior guaranteed foreign bonds due 2029 under Regulation S/Rule 144A of the U.S. Securities Act, 1933.
The Bonds have been guaranteed by Vedanta Resources Limited, Twin Star Holdings Limited and Welter Trading Limited and are in the process of being listed on the Singapore Stock Exchange. This is the first U.S. dollar bond issued by the Vedanta group since February 2021 and marks the group’s first refinancing-focused global issuance since the January 2024 restructuring at the UK level.
The core team consisted of Manisha Shroff, Rajshekhar Upadhyaya, Chirag Gohil, Nikunj Mehta, Ananya Bharadwaja, Jhanvi Shah, and Shubha Ojha with assistance from Moin Ladha on SEBI disclosures and Takeover Code aspects, Ritu Shaktawat on direct tax aspects.
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