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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