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Vedanta gets nod to raise up to Rs 2500 crore through NCDs

04 Apr 2024 Evaluate

Vedanta has received approval to raise up to Rs 2500 crore through 2,50,000 nos. Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 1,00,000 each in one or more tranche. The duly authorized Committee of Directors at its meeting held on April 04, 2024, 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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