Vedanta is planning to raise up to Rs 500 crore through issuance of Non-Convertible Debentures (NCDs). The company proposes to offer rated, secured, redeemable, non-cumulative, NCDs aggregating to Rs 500 crore. The company will be holding a meeting of its committee of directors on this issue.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.