Vedanta Raises Rs 2,600 Cr via NCDs - Business News

New Delhi, Feb 20 (PTI) Mining major Vedanta on Thursday said it has raised Rs 2,600 crore through issuance of non convertible debentures.

In a filing on BSE, Vedanta said the committee of directors of the company has approved the allotment of 2,06,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 2,060 crore (Series 1 debentures).

Besides, it has allotted 54,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 540 crores (series 2 debentures), Vedanta said.

On February 11, the company's committee of directors had approved raising up to Rs 3,000 crore through issuance of non-convertible debentures (NCDs).