Vedanta did not immediately respond to a Reuters request for comment.

Saddled with $6.4 billion in outstanding debt, including a $4.5 billion payment due by fiscal 2025, Vedanta Resources has been attempting to shore up its finances, including through a recent debt restructuring.

Group Chairman Anil Agarwal has made several bids to trim debt, including an unsuccessful attempt to take the company private in 2020 and plans to split Vedanta into six companies.

GQG Partners had raised its stake in billionaire Gautam Adani-owned Adani Ports and Special Economic Zone in August last year.

(Reporting by Sethuraman NR in Bengaluru; Editing by Savio D'Souza and Shilpi Majumdar)