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    HomeNewsBusinessVedanta board panel approves Rs 4,500 NCD issue

    Vedanta board panel approves Rs 4,500 NCD issue

    The company in a filing to the BSE said that the board-appointed committee of directors in a meeting today approved issuing "on a private placement basis up to 4,500 secured, rated, non-cumulative, redeemable, non-convertible debentures of face value Rs 10,00,000 each aggregating up to Rs 4,500 crore".

    PTI
    March 23, 2018 / 18:58 IST
    A bird flies by the Vedanta office building in Mumbai August 16, 2010. India-focused miner Vedanta Resources said it will buy 51-60 percent of Cairn India for about $8.5-9.6 billion in cash to be funded via debt and cash resources, a move that would represent Vedanta's first foray into oil and gas, and help Edinburgh-based Cairn Energy fund an expensive drilling programme in Greenland. REUTERS/Danish Siddiqui (INDIA - Tags: BUSINESS ENERGY) - RTXSAAV
       
       
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      Metals and mining giant Vedanta Ltd today said its board committee has approved a proposal to raise up to Rs 4,500 crore by issuing non-convertible debentures.

      The company in a filing to the BSE said that the board-appointed committee of directors in a meeting today approved issuing "on a private placement basis up to 4,500 secured, rated, non-cumulative, redeemable, non-convertible debentures of face value Rs 10,00,000 each aggregating up to Rs 4,500 crore".

      Vedanta has operations across zinc-lead-silver, oil and gas, iron ore, copper, aluminium and commercial power segments.

      PTI
      first published: Mar 23, 2018 06:50 pm

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