Latest News | Vedanta Raises Rs 2,600 Cr Via NCDs

New Delhi, Feb 20 (PTI) Mining major Vedanta on Thursday said it has raised Rs 2,600 crore through issuance of non convertible debentures.

In a filing on BSE, Vedanta said the committee of directors of the company has approved the allotment of 2,06,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 2,060 crore (Series 1 debentures).

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Besides, it has allotted 54,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 540 crores (series 2 debentures), Vedanta said.

On February 11, the company's committee of directors had approved raising up to Rs 3,000 crore through issuance of non-convertible debentures (NCDs).

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)