Vedanta Resources Plc said it has entered into financing agreements with a consortium of banks for $ 6 billion to fund its proposed buyout of up to 60 per cent stake in Cairn India. London-listed Vedanta Resources planned stake acquisition in Cairn India, which was announced in August, is worth as much as $ 9.6 billion.
The bank consortium comprises Barclays Capital, Citi, Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley, Royal Bank of Scotland and Standard Chartered, the statement said.