Vedanta Raises $120 Mln Through Debentures
Indian conglomerate’s committee of directors approves the allotment of debentures today
Staff Reporter |
11 July 2024 | 03:50 PM
(The Corner Office Journal) -- Indian conglomerate Vedanta Ltd. raised 1,000 crore rupees ($120 million) through the issuance of debentures.
A committee of directors today approved the allotment of 100,000 secured, rated, listed, redeemable, non-convertible debentures with a face value of 100,000 each on a private placement basis, Vedanta said in a stock exchange announcement.
In June, the company’s authorized committee of directors approved the fundraising. Vedanta didn’t disclose how it will utilize the funds.
Note: $1 = 83.5600 Indian rupees
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