Vedanta raises ₹2,575 crore through NCD issuance
after close1 source ↓written by the desknot a recommendation
- in non-convertible debentures
- ₹2,575 crore
- at a face
- 2,57,500 NCDs
- each
- ₹1,00,000
Vedanta Ltd has approved the issuance of ₹2,575 crore in non-convertible debentures (NCDs) to refinance debt and strengthen its balance sheet. The allotment includes 2,57,500 NCDs at a face value of ₹1,00,000 each, reflecting strong investor interest in recent offerings. This move is part of Vedanta's strategy to reduce borrowing costs and deleverage its balance sheet.
Not investment advice. For informational purposes only.