Vedanta: Vedanta plans to raise up to Rs 1,000 cr via NCDs

New Delhi: Vedanta Ltd on Wednesday mentioned it plans to boost as much as Rs 1,000 crore by means of non-convertible debentures (NCDs). On this regard, the corporate is holding a gathering of its duly constituted committee of the administrators subsequent week, Vedanta Ltd mentioned in a submitting to the BSE.

“The corporate proposes to supply rated, secured, redeemable, non-cumulative, non-convertible debentures aggregating as much as Rs 1,000 crore,” the submitting mentioned.

The above issuance is pursuant to the board of administrators’ resolutions handed at their assembly held on Might 7, 2019, and October 3 final 12 months.

Vedanta Ltd is a diversified pure assets firm whose enterprise primarily includes producing oil and gasoline, zinc-lead-silver, copper, iron ore, aluminium and business energy.