Vedanta Approves 3,500 Crore NCD Issuance Through Private Placement

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Vedanta has approved a plan to raise Rs 3,500 crore through a private placement of non-convertible debentures.
The company will issue up to 3.5 lakh unsecured, rated, listed and redeemable NCDs, each with a face value of Rs 1 lakh.
The approval allows Vedanta to bring in new funds through debt rather than issuing shares, which matters for how the company finances its operations.

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