Vedanta plans to raise up to Rs 350 cr via NCDs

Metals and mining conglomerate Vedanta plans to raise up to Rs 350 crore through issuance of non-convertible debentures.

"Company proposes to offer rated, secured, redeemable, non cumulative, non-convertible debentures aggregating to Rs 350 crore," Vedanta Ltd said in a BSE filing.

In this regard, the company said that, it is holding a meeting of its duly constituted committee of the board next week.

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 a presence across India, South Africa, Namibia, Australia and Ireland.