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Vedanta to consider offer fund raising through NCDs offer upto Rs 500 cr

Capital Market 

On 30 November 2016

Vedanta announced that the Company proposes to offer Rated Secured Redeemable Non-Convertible Debentures aggregating upto Rs. 500 crore and in this regard is holding a meeting of its duly constituted Committee of the Board on 30 November 2016, The above issuance is pursuant to the approval of the Shareholders passed vide Special Resolution at the 50th and 51st Annual General Meeting of the Company held on 11 July 2015 and 29 June 2016, respectively and the Board of Directors' resolution passed at its meeting held on 29 July 2015.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 25 2016. 19:15 IST