Vedanta gains on planning to raise up to Rs 4,100 crore via NCDs
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Vedanta is currently trading at Rs. 318.15, up by 2.25 points or 0.71% from its previous closing of Rs. 315.90 on the BSE.
The scrip opened at Rs. 316.10 and has touched a high and low of Rs. 321.05 and Rs. 315.65 respectively. So far 401297 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 440.75 on 11-Apr-2022 and a 52 week low of Rs. 242.60 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 327.20 and Rs. 303.45 respectively. The current market cap of the company is Rs. 118597.24 crore.
The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 20.95% and 9.36% respectively.
Vedanta is planning to raise up to Rs 4,100 crore via rated, secured, redeemable, non-cumulative, non-convertible debentures (NCDs) in one or more tranches. In this regard, the company is holding a meeting of its duly constituted Committee of the Directors on June 4, 2022.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
