In a regulatory filing on 29/12/2020, Vedanta Holdings Mauritius II Limited informed that it has entered into a subscription agreement with Finsider International Company Limited, Vedanta Resources Limited, Westglobe Limited and OCM VErde XI Investment Pvt. Ltd. and under this agreement Vedanta Holdings Mauritius II Limited will issue US $400 million notes of nominal value of US $1 in favor of Oaktree Capital Group, subject to certain restrictions.
This is being done to meet the liquidity need, all notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd.