Anil Agarwal's Indian mining enterprise, Vedanta Ltd., is exploring the option of entering the bond markets with an initial overseas issuance of at least $500 million, according to sources familiar with the matter.


The company is currently in talks with financial institutions and consulting legal experts regarding this potential bond issuance, the sources, who preferred to remain anonymous due to the sensitive nature of the information, disclosed.


Depending on investor interest, the bond issuance could potentially expand to $1 billion, one source indicated. In addition to the bond market, Vedanta Ltd. is also considering alternative fundraising strategies, which include equity sales and securing loans in local currency from domestic banks, the sources added.