Team News Riveting
Raipur, December 27
Metals and mining giant Vedanta Ltd on Monday said its board committee has approved a proposal to raise up to Rs 1000 crore by issuing non-convertible debentures (NCDs).
“We hereby inform that the duly authorized Committee of Directors at its meeting held today i.e. Monday, December 27, 2021, considered and approved offering for subscription, on a private placement basis, up to 10,000 nos. Secured, Rated, Listed, Redeemable, Non‐Convertible Debentures (NCDs) of face value Rs 10,00,000/‐ each aggregating up to Rs 1,000 crore,” Vedanta Limited said in a regulatory filing.
Tenure of the instrument will be 3 years from the deemed date of allotment.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil and Gas, and Metals company with significant operations in Oil and Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium and Power across India, South Africa, Namibia, and Australia.
