Vedanta Raises Rs 2,500 Crore Via NCDs

Vedanta Ltd. raised Rs 2,500 crore through the issue of non-convertible debentures on Thursday. The company secured unrated unlisted redeemable NCDs of face value of Rs 1,00,000 each, aggregating up to Rs 2,500 crore, according to an exchange filing.

On June 20, the Anil Agarwal-owned company approved raising Rs 1,000 crore via bonds on a private placement basis.

The company also approved the raising of secured, rated, listed and redeemable non-convertible debentures with a face value of Rs 1 lakh each.

The company's fundraising is part of its routine financing or refinancing activity that is undertaken in the ordinary course of business, as it had said earlier.