Vedanta raises ₹2,575 cr through NCDs to cut debt
pre-market1 source ↓written by the desknot a recommendation
- through non-convertible debentures
- ₹2,575 crore
- bonds were oversubscribed
- 8.95% coupon rate
- in share price
- 6.34% decline
- ahead
- 16% upside
Vedanta Limited has approved raising ₹2,575 crore through non-convertible debentures (NCDs) via private placement. The 8.95% coupon rate bonds were oversubscribed, reflecting strong investor demand. Despite a 6.34% decline in share price over the past five days, brokerages see a 16% upside ahead for the stock.
Not investment advice. For informational purposes only.