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Vedanta planning to raise up to Rs 500 crore through NCDs

15 Dec 2017 Evaluate

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.


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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