Vedanta has informed that the Company proposes to offer Rated, Secured, Redeemable, Non-Cumulative, Non-Convertible Debentures aggregating upto Rs 3,000 Crores in one or more tranches, and in this regard is holding a meeting of its duly constituted Committee of the Directors on Wednesday, January 29, 2020. The above issuance is pursuant to the approval of the Shareholders passed vide Special Resolution at the 53rd Annual General Meeting of the Company held on August 24, 2018 and the Board of Directors’ resolution passed at their meeting held on May 7, 2019. This intimation is being issued pursuant to Regulation 29(1) and (2), Regulation 50(2) and (3) read with Regulation 63 of the of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
