Indian conglomerate Vedanta approves $1b fundraise

Indian conglomerate Vedanta approves $1b fundraise

FILE PHOTO: A bird flies by the Vedanta office building in Mumbai August 16, 2010. REUTERS/Danish Siddiqui/File Photo

Indian metals-to-oil conglomerate Vedanta on Thursday said its board approved a fundraise of up to 85 billion rupees ($1.02 billion).