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HomeMarketStocksVedanta to raise up to Rs 500 cr via debentures

Vedanta to raise up to Rs 500 cr via debentures

on Tuesday stated it’s contemplating elevating as much as Rs 500 crore by means of debentures. Oil-to-metals conglomerate will elevate the quantity in a number of tranches.

“The corporate proposes to supply rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating as much as Rs 500 crore in a number of tranches and on this regard, is holding a gathering of its duly constituted Committee of the Administrators on Friday,” Vedanta stated in a submitting to BSE.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is likely one of the world’s main oil and gasoline and metals firm with operations in oil and gasoline, zinc, lead, silver, copper, iron ore, metal, and aluminium and energy throughout India, South Africa and Namibia. PTI SID MR

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