Vedanta To Raise Up To Rs 2,500 Crore Via Debentures
Vedanta Ltd. on Wednesday said a committee of its directors has approved raising up to Rs 2,500 crore through non-convertible debentures.
"The duly authorised committee of directors at its meeting held today considered and approved offering for subscription, on a private placement basis, up to 25,000 nos. secured, rated, non cumulative, redeemable, non-convertible debentures of face value Rs 10,00,000 each aggregating up to Rs 2,500 crore (including the option to retain over-subscription of up to Rs 1,250 crore," the company said in a filing to 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.