Vedanta has received an approval to raise up to Rs 500 crore this week through an issue of securities on private placement basis.
The duly authorized committee of directors in a meeting approved offering for subscription, on a private placement basis, up to 500 secured, rated, non-cumulative, redeemable, non-convertible debentures (NCDs) aggregating up to Rs 500 crore. The date of allotment of securities is December 20, 2017 and date of maturity is December 4, 2020.
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.
| Company Name | CMP |
|---|---|
| Hindalco | 1015.10 |
| Vedanta | 770.65 |
| Hindustan Zinc | 589.95 |
| Jain Resource Recycl | 418.95 |
| Gravita India | 1649.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: