Calyon, partner of the largest metal and mining group in India

Calyon participated as Mandated Lead Arranger and Bookrunner for the acquisition of Sesa Goa Ltd by Vedanta, for a consideration of USD 1.10 billion. The entire acquisition was financed by a 1-year bridge loan.

Calyon was one of the first banks to initiate discussion with Vedanta for the take-out of this bridge loan and expressed keen desire to lead the transaction. Calyon is one of the seven Bookrunners and Mandated Lead Arrangers for the present transaction.

Calyon's relationship with the Vedanta group goes back to 1996 and this transaction gives us an opportunity to take the same to greater heights and explore other opportunities.

Vedanta, the largest metal and mining group in India, and a FTSE listed company, forayed into ferrous metal space in 2007 by acquiring the largest iron-ore producer and exporter in India in the Private Sector i.e Sesa Goa Ltd.

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