Vedanta Limited is a subsidiary of Vedanta Resources Limited, which will raise Rs 1,000 crore by offering “rated, secured, redeemable, non‐cumulative, non‐convertible debentures”, the company said in the statement.

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In this regard, the oil & gas and metals company will meet the committee of directors on December 27, 2021. “The above issuance is according to the Board of Directors’ resolutions passed at their meeting held on May 07, 2019, and October 03, 2020,” the company said.

Vedanta Limited has significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium and power across India, South Africa and Namibia.

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