Vedanta ties up with SBI for long-term syndicated loan of Rs 10,000 cr

Vedanta Ltd has tied up with State Bank of India as facility agent and SBICAP Trustee Company limited(SBICTCL) for a long-term syndicated loan facility worth Rs 10,000 crore.
A syndicated loan is offered by a group of lenders who work together to provide credit to a large borrower.
This loan increases the average debt maturity profile of Vedanta limited and also improves the liquidity ratios as the near term maturities are replaced by a long term loan.