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Vedanta gets nod to raise up to Rs 500 crore

20 Dec 2017 Evaluate

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.


Vedanta Share Price

770.65 -16.95 (-2.15%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1015.10
Vedanta 770.65
Hindustan Zinc 589.95
Jain Resource Recycl 418.95
Gravita India 1649.35
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