Billionaire Agarwal’s Vedanta Plans Third Rupee Bond This Year

Vedanta Ltd., the Indian resources conglomerate controlled by billionaire Anil Agarwal, plans to raise at least 10 billion rupees ($105 million) through local-currency bonds in the next few weeks, according to people familiar with the matter, as more companies tap the debt market amid signals interest rates may rise.

By Divya Patil and Saikat Das