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Vedanta raises upto Rs 2,500 crore through NCDs

22 Sep 2023 Evaluate

Vedanta has raised upto Rs 2,500 crore through upto 2,50,000 nos. Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 1,00,000 each in one or more tranches. The duly authorized Committee of Directors at its meeting held on September 21, 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.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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