Vedanta Limited has approved the allotment of non-convertible debentures totalling ₹2,575 crore on a private placement basis. The debentures are unsecured, redeemable, rated, and listed, each with a face value of ₹1,00,000.
The allotment involves 2,57,500 debentures, marking a significant financial manoeuvre by the company. This move aligns with the company’s strategic financial management and liquidity enhancement plans. The approval was granted by the Committee of Directors at 11:11 AM IST.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
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