Vedanta has received approval to raise fund aggregating up to Rs 2,000 crore in one or more tranches on a private placement basis, up to 20,000 number Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakhs each.
The Board of Directors of the Company at its meeting held on January 08, 2020 has approved the same. The tenure of the instrument is upto 10 years from the deemed date of allotment. The NCDs will be listed at BSE.
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.
