Loan & Debt30 Sept 2026, 11:31 am
Vedanta Ltd Approves Allotment of ₹2,000 Cr NCDs
AI Summary
Vedanta Ltd announced the approval of the allotment of 2,00,000 Indian Rupee denominated unsecured, redeemable, rated, listed non-convertible debentures. The face value of each debenture is ₹1,00,000, aggregating to a total of ₹20,00,00,00,000 (₹2,000 Crore). This allotment was approved by the duly constituted Committee of Directors on a private placement basis at 11:20 AM IST. This move signifies Vedanta's continued strategy of raising capital through debt instruments to fund its operations or expansion plans.
Key Highlights
- Vedanta Ltd approved allotment of ₹2,000 Crore in Non-Convertible Debentures.
- Debentures are unsecured, redeemable, rated, and listed.
- Allotment is on a private placement basis.
- Approval granted by the Committee of Directors.
- This is a significant debt issuance by the company.
Price Impact
More from VEDL