Vedanta Resources Ltd. plans to raise about $372 million to support development of its Zambian copper mining complex by selling an 11.9% stake in a US-based unit, according to both Financial Post and Bloomberg. The company intends to issue or sell the minority stake in the US entity as a fundraising mechanism tied to the Zambia project. The proceeds are expected to be used for development of the copper mining complex in Zambia. The reporting describes the stake sale as a way for Vedanta to secure capital rather than relying solely on existing funding sources. Both outlets focus on the same figures: an 11.9% stake in the US-based unit and an estimated total raise of roughly $372 million. No additional details are provided in the shared excerpts about pricing, timetable, regulatory steps, or whether the sale is structured as an offering, private placement, or other transaction type. The coverage centers on the company’s plan to monetize part of its US holding to finance its expansion efforts in Zambia.