Vedanta’s Committee Of Directors Approves Raising Rs 2,000 Crore Via NCDs
A worker uses a forklift to move aluminum billets in the cast house unit of the Vedanta Ltd. Aluminium Smelter in Jharuguda district, Odisha, India. (Photographer: Dhiraj Singh/Bloomberg)  

Vedanta’s Committee Of Directors Approves Raising Rs 2,000 Crore Via NCDs

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Vedanta Ltd. on Wednesday said that its committee of directors has approved raising up to Rs 2,000 crore via non-convertible debentures.

"Committee of directors at its meeting held today, considered and approved offering for subscription, on a private placement basis, redeemable, non-convertible debentures of face value Rs 10,00,000 each aggregating up to Rs 2,000 crore in one or more tranches," Vedanta said in a filing to the BSE.

Vedanta is a diversified natural resources company whose business primarily involves producing oil and gas, zinc-lead-silver, copper, iron ore, aluminium and commercial power.

The company has presence across India, South Africa, Namibia, Australia and Ireland.

Vedanta is the Indian subsidiary of Vedanta Resources Plc., a London-listed company.

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