Goldman, Morgan Stanley among top investors in USD 1 bn Vedanta QIP

Vedanta Limited raised Rs 8,500 crore through a QIP, issuing 19.31 crore shares at Rs 440 each, closed on July 19 with a 4.61% discount. Major investors include Abu Dhabi, SBI, Nippon. Chairman Anil Agarwal emphasized highest-ever production, Rs 1,41,793 crore revenue, Rs 36,455 crore EBITDA. Funds will de-leverage, targeting Rs 10 billion EBITDA, supporting projects and shareholder value.