Vedanta plans to raise Rs 4,500 cr via NCDs

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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26 Aug, 2025 12:21

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Metals and mining giant Vedanta Ltd today said it is planning to raise Rs 4,500 crore by issuing non-convertible debentures.

"We would like to inform you that the company proposes to offer Rated, Secured, Redeemable, Non-Cumulative, Non-Convertible Debentures aggregating up to Rs 4,500 crore, in one or more tranches," Vedanta Ltd said in a BSE filing today.

In this regard, the company will hold a meeting of its duly constituted Committee of the Directors on March 23, 2018.

"The...issuance is pursuant to the approval of the shareholders passed vide special resolution at the 52nd Annual General Meeting of the company held on July 14, 2017 and the Board of Directors' resolution passed at their meeting held on January 31, 2018," it added.

Vedanta Limited, a Vedanta Group company is a global diversified natural resources company, with operations across zinc-lead-silver, oil and gas, iron ore, copper, aluminium and commercial power.