Mumbai (Maharashtra) [India]: Vedanta Limited stated on Saturday it will certainly elevate approximately Rs 4,089 crore via non-convertible bonds (NCDs) on a private placement basis.

In a governing filing to the stock exchanges, Vedanta Limited claimed that the “appropriately authorised Board of Directors at its meeting held today i.e. Saturday, June 04, 2022, considered and also accepted offering for registration, on an exclusive positioning basis, up to 40,890 nos. Guaranteed, Rated, Provided, Redeemable, Non-Convertible Debentures (NCDs) of stated value Rs 10,00,000/- each aggregating approximately Rs 4,089 crore.”
Tenure of the instrument will be ten years from the regarded day of part.

The debentures will certainly be redeemed at par on the maturity day, Vedanta Limited stated.

Vedanta Limited is a globally varied natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil, and gas.