Vedanta Resources is close to securing a financing deal to raise $1.25 billion from Standard Chartered Bank and Cerberus Capital, according to anonymous sources. Standard Chartered Bank will underwrite $950 million of the total amount, while Cerberus Capital will contribute $300 million. As part of the deal, Standard Chartered Bank is expected to distribute or “sell down” its share of the loan, which may attract other credit investors to join the transaction. This move will provide Vedanta Resources with the necessary funding for its ongoing projects and operations.