Vedanta to Raise Rs 2,575 Cr via NCDs; Strengthens Balance Sheet
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News18•16-03-2026, 14:15
Vedanta to Raise Rs 2,575 Cr via NCDs; Strengthens Balance Sheet
•Vedanta Ltd's committee of directors approved raising up to Rs 2,575 crore through unsecured, redeemable, rated, listed, non-convertible debentures (NCDs).
•The funds will be raised via private placement of 2,57,500 NCDs, each with a face value of Rs 1,00,000.
•This fundraising aims to diversify funding sources, strengthen the balance sheet, refinance debt, and reduce borrowing costs.
•The company has seen strong investor interest in recent debt issuances, with past offerings being significantly oversubscribed.
•Vedanta is actively deleveraging its balance sheet and plans a corporate demerger to create five separate listed entities, aiming to unlock value.
