Loan & Debt30 Sept 2026, 11:33 am
Vedanta Ltd Allots ₹2,000 Cr Unsecured NCDs on Private Placement
AI Summary
Vedanta Ltd announced the approval for the allotment of 2,00,000 Indian Rupee Denominated Unsecured, Redeemable, Rated, Listed Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each. The total issue size aggregates to ₹20,00,00,00,000 (₹2,000 Crore). The allotment was made on a private placement basis and approved by the duly constituted Committee of Directors at 11:20 AM IST. This move signifies Vedanta's strategy to raise substantial debt capital through NCDs.
Key Highlights
- Vedanta Ltd approved allotment of ₹2,000 Crore NCDs.
- Debentures are unsecured, redeemable, rated, and listed.
- Allotment made on a private placement basis.
- Committee of Directors approved the issuance.
- This is a significant debt financing activity for the company.
Price Impact
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