Vedanta's panel of directors to consider raising up to Rs 4,100 cr via NCDs

Vedanta Ltd on Wednesday said a committee of its directors will meet this week to consider raising up to Rs 4,100 crore via debentures.

"The company proposes to offer rated, secured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 4,100 crore in one or more tranches and in this regard, is holding a meeting of its duly constituted Committee of the Directors on Saturday, June 4," Vedanta Ltd said in a BSE filing.

The above issuance is pursuant to the board of directors' resolutions passed at their meetings on May 7, 2019 and October 3, 2020.

Vedanta Limited is a globally diversified natural resources company with interests in zinc, lead, silver, iron ore, steel, copper, aluminium, power, oil and gas.