Vedanta raises ₹2,575 crore through NCD issuance
pre-market1 source ↓written by the desknot a recommendation
- via non-convertible debentures
- ₹2,575 crore
- at a face
- 2,57,500 NCDs
- each
- ₹1,00,000
Vedanta Ltd has approved raising ₹2,575 crore via non-convertible debentures (NCDs) to refinance debt and strengthen its balance sheet. The issuance involves 2,57,500 NCDs at a face value of ₹1,00,000 each, reflecting strong investor interest in prior offerings. This move is part of Vedanta's strategy to diversify funding sources and reduce borrowing costs.
Not investment advice. For informational purposes only.