Vedanta seeks shareholders' approval for Rs 8,500 crore fundraise

The e-voting for postal ballot will start at 9 am on Thursday and will end at 5 pm on June 21, the filing said

Anil Agarwal, Vedanta Chairman
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies spanning across countries like India, South Africa, Namibia, Liberia and UAE. Photo: Bloomberg
Press Trust of India New Delhi
1 min read Last Updated : May 22 2024 | 10:19 PM IST

Mining billionaire Anil Agarwal-led Vedanta Ltd has sought shareholders' nod to raise up to Rs 8,500 crore through issuance of securities.

"We hereby submit a copy of Postal Ballot Notice....seeking approval of the Members of the company in respect of...issuance of securities up to Rs 8,500 crore," the company said in a filing on the BSE.

The e-voting for postal ballot will start at 9 am on Thursday and will end at 5 pm on June 21, the filing said.
 

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The company's board had earlier approved raising funds via instruments like American depository receipts, global depository receipts and foreign currency convertible bonds.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources companies spanning across countries like India, South Africa, Namibia, Liberia and UAE.
 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Vedanta Fundraising

First Published: May 22 2024 | 10:19 PM IST

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