Team News Riveting
Raipur, December 22
Vedanta Limited proposes to raise Rs 1000 crore via issuance of non-convertible debentures (NCDs).
“We would like to inform you that the Company proposes to offer Rated, Secured, Redeemable, Non‐Cumulative, Non‐Convertible Debentures aggregating upto Rs 1000 crores in one or more tranches,” the company said in a regulatory filing today.
In this regard, Vedanta is holding a meeting of its duly constituted Committee of the Directors on Monday, December 27, 2021.
The above issuance is pursuant to the Board of Directors’ resolutions passed at their meeting held on May 07, 2019 and October 03, 2020, the company said.
