Vedanta looking to raise up to $3 billion in debt for semiconductor manufacturing1 min read . Updated: 30 Apr 2022, 04:49 PM IST
Vedanta decided in February to diversify into chip manufacturing and formed a joint venture with Taiwan's Foxconn. It has a total planned investment outlay of $20 billion
India's Vedanta is in talks with banks to raise debt of $2.5-$3 billion to bolster its semiconductor and display manufacturing plans, as it races to become the country's first chipmaker, a top company official told Reuters on Saturday.
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