Vedanta to consider issue of NCDs up to Rs 500 crore

India Infoline News Service | Mumbai | November 28, 2016 14:43 IST

The scrip opened at Rs 223 and has touched a high and low of Rs 229.3 and Rs 220.15 respectively.

Vedanta Ltd is currently trading at Rs 228.4, up by Rs 5.2 or 2.33% from its previous closing of Rs 223.2 on the BSE. The company proposes to offer Rated Secured Redeemable Non-Convertible Debentures aggregating upto Rs 500 crore and in this regard is holding a meeting of its duly constituted Committee of the Board on November 30, 2016.

The above issuance is pursuant to the approval of the Shareholders passed vide Special Resolution at the 50th and 51st Annual General Meeting of the Company held on July 11, 2015 and June 29, 2016, respectively and the Board of Directors' resolution passed at its meeting held on July 29, 2015.

The scrip opened at Rs 223 and has touched a high and low of Rs 229.3 and Rs 220.15 respectively. So far 14276744 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 66171.98 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 233.65 on 10-Nov-2016 and a 52 week low of Rs 58.1 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 228.4 and Rs 192.35 respectively.

The promoters holding in the company stood at 62.86 % while Institutions and Non-Institutions held 23.24 % and 13.89 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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