Vedanta’s board has approved offering for subscription, on a private placement basis, up to 25,000 nos. Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10,00,000 each aggregating up to Rs 2,500 crore (including the option to retain oversubscription of upto Rs 1,250 crore). The duly authorized Committee of Directors at its meeting held on January 29, 2020, has considered and approved the same.
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.
