Vedanta has received an approval to raise funds on a private placement basis through issuance of up to 21,000 nos. Secured, Unrated, Unlisted, Redeemable, Non?Convertible Debentures (NCDs) of face value Rs 10,00,000 each aggregating up to Rs 2,100 crore in one or more tranche(s). The duly authorized Committee of Directors at its meeting held on April 13, 2023, 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.
