Vedanta gains on getting nod to raise funds up to Rs 3,000 crore through NCDs
Vedanta is currently trading at Rs. 422.30, up by 1.00 points or 0.24% from its previous closing of Rs. 421.30 on the BSE.
The scrip opened at Rs. 421.85 and has touched a high and low of Rs. 425.55 and Rs. 412.20 respectively. So far 303274 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 527.00 on 16-Dec-2024 and a 52 week low of Rs. 249.75 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 456.75 and Rs. 412.20 respectively. The current market cap of the company is Rs. 164705.54 crore.
The promoters holding in the company stood at 56.38%, while Institutions and Non-Institutions held 27.47% and 16.15% respectively.
Vedanta has received approval from duly authorized Committee of Directors to raise funds up to Rs 3,000 crore through issuance of Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis (upto 3,00,000 nos. of face value Rs 1,00,000 each).
The duly authorized Committee of Directors at its meeting held on February 11, 2025, has considered and approved the same.
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.
