Up 50% in 1 year, Vedanta raises Rs.2,000 crore via NCDs: Check full details - what it means for shareholders, company
New Delhi, Sept. 30 -- Vedanta Ltd has raised Rs.2,000 crore through the private placement of non-convertible debentures (NCDs), according to a regulatory filing on September 30. The fundraising comes as the company continues with its debt capital-raising and refinancing plans.
The company's Committee of Directors approved the allotment of 2,00,000 Indian Rupee-denominated NCDs, with each debenture carrying a face value of Rs.1 lakh. The securities are unsecured, redeemable, rated and listed, taking the aggregate value of the allotment to Rs.2,000 crore. The approval was granted at 11:20 AM IST on September 30.
The latest disclosure follows Vedanta's September 18 communication, when the company had approved a plan to raise up to Rs.3,50...
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