Vedanta has received approval from the duly constituted Committee of Directors of the Company to raise up to Rs 1,000 crore through allotment of 1,00,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value Rs 1,00,000 each on a private placement basis.
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.