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Vedanta raises Rs 2600 crore through NCDs

20 Feb 2025 Evaluate

Vedanta has raised Rs 2600 crore through the allotment of Non-Convertible Debentures (NCDs) on a private placement basis. The company has allotted 2,06,000 Indian Rupees (INR) Denominated Unsecured, Redeemable, Rated, Listed, NCDs of face value of Rs 1,00,000 each, aggregating to Rs 2,060 crore (Series 1 Debentures) and 54,000 Indian Rupees (INR) Denominated Unsecured, Redeemable, Rated, Listed, NCDs of face value of Rs 1,00,000 each, aggregating to Rs 540 crore (Series 2 Debentures).  The duly constituted Committee of Directors of the Company has approved the allotment of 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 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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