Vedanta has received its board’s approval to raise Rs 300 crore through issue of Secured Redeemable Non-Cumulative Non- Convertible Debentures (NCDs) of face valur of Rs 10 lakh each. The tenure of the NCDs is 3 years and 5 months from the date of allotment, while date of maturity is April 22, 2020. Crisil has assigned ‘AA-/Stable’ rating to the said instrument vide letter dated November 21, 2016.
Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.
