The fund will be made up of its own resources and outside investment, Vedanta Chairman Anil Agarwal says, adding that it may also finance the BPCL acquisition through debt
The financial bids have not yet been called, and we have just three months left. Given BPCL’s borrowings, it will need approval from lenders (long-term agreements have a clause that requires lenders’ approval for promoter changes), which would take a few months, said an officials, who is tracking the sale
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