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Banks Sound Out Vedanta To Fund Gujarat Chip Plant www.thinkwithniche.comban site

According to two bankers familiar with the event, the company has not held any formal discussions with banks yet and has requested time until an in-depth project report is ready. Vedanta announced plans to build a semiconductor fabrication unit, a show fabrication unit, and a semiconductor assembling and testing unit in Gujarat on September 13. Vedanta will retain 60% of the equity in the company, with the remainder held by Taiwanese electronics manufacturer Foxconn.
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