News Details

( 04/07/2018 10:52)
Vedanta to raise up to Rs 1,500 cr through NCDs

Vedanta Ltd said its board has approved the company's plans to raise up to Rs 1,500 crore in one or more tranches through issuance of non-convertible debentures (NCDs), reported PTI.

"A meeting of the duly authorized Committee of Directors was held today i.E. July 3, 2018 ... For approving offering for subscription, on a private placement basis, up to 15,000 Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10,00,000 each aggregating up to Rs 1500 Crores in one or more tranches," Vedanta Ltd said in a BSE filing.

About the tenure of the instrument, the company said it will be of "two years 2 years and 363 days from Not exceeding 3 years allotment and date of maturity; the deemed date of allotment for upto Rs 1000 crore."

Vedanta Ltd, a Vedanta Group company, is a global diversified natural resources firm, with operations across zinc-lead-silver, oil and gas, iron ore, copper, aluminium and commercial power sectors.

ATTENTION INVESTORS 1 : "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case | 2 : "Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. | 3 : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

SEBI Regn. NSE: INB231280430 I F&O: INF231280430 I BSE: INB011280436 I NSE CD: INE231280430 I MCX-SX: INE261280430

Copyright © 2017 Rikhav Securities Ltd. All rights reserved

Designed , Developed & Content Powered by DION