Vedanta Mines for Capital: Major Debenture Issuance Announced

Vedanta Ltd has announced plans to raise up to Rs 5,000 crore by issuing non-convertible debentures. This decision follows a significant 154.4% increase in net profit in the March quarter. The company is also on track to complete the demerger of its businesses by September 2025.

Mining giant Vedanta Ltd has announced its intention to raise Rs 5,000 crore through the issuance of non-convertible debentures. A committee of directors greenlit the plan to issue five lakh unsecured, rated, listed, redeemable NCDs with a face value of Rs 1 lakh each, according to a regulatory filing.

The debentures are expected to be listed on the Bombay Stock Exchange (BSE). The decision comes in the wake of Vedanta Ltd reporting a remarkable 154.4% surge in its consolidated net profit, which reached Rs 3,483 crore for the March quarter, driven by reduced production costs and increased volumes.

Meanwhile, the Anil Agarwal-led company, one of the world leaders in natural resources and technology, anticipates completing the demerger of its businesses by September-end. This strategic shift is part of Vedanta's broader expansion across sectors and geographies.