Loan & Debt18 Sept 2026, 11:58 am
Vedanta Ltd Approves Issuance of NCDs Worth ₹3,500 Crores
AI Summary
Vedanta Ltd announced that its Committee of Directors has approved the issuance of Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The total issuance size is up to ₹3,500 Crores, comprising up to 3,50,000 NCDs with a face value of ₹1,00,000 each. The NCDs will be listed on BSE Limited. This move is part of the company's financing strategy.
Key Highlights
- Vedanta Ltd approved issuance of NCDs worth up to ₹3,500 Crores.
- The NCDs are Unsecured, Rated, Listed, and Redeemable.
- Issuance will be on a private placement basis.
- The NCDs will be listed on BSE Limited.
- This is a significant debt financing move by the company.
Price Impact
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