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Vedanta to raise funds up to Rs 3,000 crore through NCDs

12 Feb 2025 Evaluate

Vedanta has received approval from duly authorized Committee of Directors to raise funds up to Rs 3,000 crore through issuance of Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis (upto 3,00,000 nos. of face value Rs 1,00,000 each).

The duly authorized Committee of Directors at its meeting held on February 11, 2025, 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.

Peers
Company Name CMP
Hindalco Industries 944.40
Vedanta 251.90
Hindustan Zinc 556.85
Jain Resource Recycl 281.90
CMR Green Tech 223.65
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