Vedanta is planning to raise funds up to Rs 1,500 crore through issuance of offer rated, secured, redeemable, non-cumulative, Non-Convertible Debentures (NCDs) in one or more tranches. The company will seek approval for the same from shareholders in the annual general meeting of the company to be held on July 14, 2017.
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.