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Vedanta gets nod to raise up to Rs 350 crore through NCDs

31 May 2017 Evaluate

Vedanta has received an approval for raising funds up to Rs 350 crore through issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The board of directors at their meeting held on May 31, 2017, has approved for the same. 

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.

Peers
Company Name CMP
Hindalco Industries 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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