Latest News | Vedanta to Raise Up to Rs 4,089 Cr Via NCDs

New Delhi, Jun 4 (PTI) Vedanta Ltd on Saturday said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis.

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"An authorised committee of directors at its meeting held today i.e. June 4, 2022, considered and approved offering for subscription... up to 40,890 nos secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value Rs 10,00,000 each aggregating up to Rs 4,089 crore," the company said in a filing to BSE.

Vedanta is a globally diversified natural resources company with interests in zinc, lead, silver, iron ore, steel, copper, aluminium, power, oil and gas.

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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)