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Vedanta allots 2 lakh rupee NCDs worth ₹2,000 crore via private placement

Vedanta said its board panel approved the allotment at 11:20 AM IST on September 30, after a September 18 plan to raise up to ₹3,500 crore through NCDs.

Reported · Written up by our desk · Trade & Tariffs

Vedanta Ltd has raised ₹2,000 crore through a private placement of non-convertible debentures, according to a regulatory filing dated September 30.

The company approved the allotment of 2,00,000 Indian rupee denominated NCDs, with each debenture carrying a face value of ₹1 lakh, taking the aggregate value of the issue to ₹2,000 crore.

Vedanta said the NCDs are unsecured, redeemable, rated and listed, and the approval was granted at 11:20 AM IST on September 30.

The latest disclosure follows a September 18 announcement in which Vedanta approved a plan to raise up to ₹3,500 crore via the private placement of NCDs.

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