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Vedanta to raise up to Rs 2,000 cr through non-convertible debentures

The company will hold a meeting of its committee of directors on Wednesday on this issue

Press Trust of India  |  New Delhi 

BSE, Bombay stock exchange
Vedanta revealed the information in a BSE filing.

Ltd on Sunday said it proposes to raise up to Rs 2,000 crore via issuance of (NCDs).

"We would like to inform you that the company proposes to offer rated, secured, redeemable, non-cumulative, aggregating up to Rs 2,000 crore in one or more tranches," said in a filing to the

The company will hold a meeting of its committee of directors on Wednesday on this issue.

"The above issuance is pursuant to the approval of the shareholders passed vide special resolution at the 53rd annual general meeting of the company held on August 24, 2018 and the board of directors' resolution passed at their meeting held on May 7, 2019," the filing said.

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

Vedanta is the Indian subsidiary of Vedanta Resources Plc, a London-listed company.

First Published: Sun, January 05 2020. 19:10 IST
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