Vedanta's Bold Move: Rs 3,000 Crore NCD Issuance
Vedanta Ltd has announced plans to raise Rs 3,000 crore via non-convertible debentures (NCDs). The company will issue 3 lakh unsecured, rated, redeemable NCDs with a face value of Rs 1 lakh each through a private placement. These NCDs will be listed on the BSE.
- Country:
- India
On Tuesday, Vedanta Ltd revealed its strategy to accumulate Rs 3,000 crore by issuing non-convertible debentures (NCDs), as approved by its Committee of Directors.
The company's plan involves issuing 3 lakh unsecured, rated, listed, redeemable NCDs, each with a face value of Rs 1 lakh, on a private placement basis, according to a recent regulatory filing.
Significantly, these NCDs are set to be listed on the Bombay Stock Exchange (BSE), marking a substantial financial maneuver for Vedanta.
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