London-based Vedanta Resources Limited (VRL) is in advanced discussions to secure a $1.25 billion private loan from global investors, timed strategically ahead of a $1 billion debt maturity in January 2024. Negotiations involve prominent entities such as Cerberus Capital Management, Davidson Kempner Capital Management, Varde Partners, and Ares SSG. The loan, expected to carry an 18% interest rate for three years, is crucial to address imminent debt obligations, including a $1 billion maturity in January 2024 and an additional $1 billion in August 2024. The funding, secured against VRL’s shares, reflects Vedanta’s urgency to avert potential default.