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Vedanta raises Rs 20,000 crore through NCDs

24 Aug 2015 Evaluate

Vedanta has allotted 20,000, 9.45% Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of Rs. 10,00,000 each aggregating to Rs. 20,000 crore to State Bank of India (SBI) on August 17, 2015. The NCDs are long term funds and this issuance will reduce company’s cost of funds.

Vedanta is one of the world’s largest diversified natural resource companies. Its business primarily involves exploring, extracting and processing minerals and oil & gas.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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