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Vedanta Ltd has said that a board appointed panel has provided its approval for raising up to Rs 350 crore through issuing non convertible debentures.
Vedanta Ltd has said in a BSE filing that “A meeting of duly authorised committee of directors was held today…. for approving offering for subscription, on a private placement basis, up to 3500 secured, rated, listed, redeemable non-convertible debentures….aggregating up to Rs 350 crore.”
The company has said that the NCDs are “to be redeemable after two years from date of allotment through cash flows of the company.”
