Vedanta plans to raise Rs 500 crore through debentures

Vedanta Ltd. is considering issuing debentures to raise Rs 500 crore. The sum will be raised in one or more tranches by the oil-to-metals company.

“The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures in one or more tranches of up to Rs 500 crore and, in this regard, is holding a meeting of its duly constituted Committee of the Directors on Friday,” Vedanta said in a BSE filing.

Vedanta Ltd., a subsidiary of Vedanta Resources Ltd., is one of the world’s leading oil and gas and metals companies, with operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminum, and power across India, South Africa, and Namibia.