Vedanta's committee of directors approves raising Rs 2k cr via NCDs
- Country:
- India
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 (NCDs) of face value Rs 10,00,000 each aggregating up to Rs 2,000 crore in one or more tranches," Vedanta Ltd said in a filing to the BSE.
Vedanta Ltd 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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Vedanta Ltd
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- India
- Namibia
- Australia
- Ireland
- Vedanta Resources Plc
- London
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