Metals and mining giant Vedanta Ltd today said its board committee has approved a proposal to raise up to Rs 4,500 crore by issuing non-convertible debentures.
The company in a filing to the BSE said that the board-appointed committee of directors in a meeting today approved issuing "on a private placement basis up to 4,500 secured, rated, non-cumulative, redeemable, non-convertible debentures of face value Rs 10,00,000 each aggregating up to Rs 4,500 crore".
Vedanta has operations across zinc-lead-silver, oil and gas, iron ore, copper, aluminium and commercial power segments.
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