Vedanta shines on getting nod to raise up to Rs 2500 crore through NCDs
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Vedanta is currently trading at Rs. 308.30, up by 9.75 points or 3.27% from its previous closing of Rs. 298.55 on the BSE.
The scrip opened at Rs. 305.25 and has touched a high and low of Rs. 312.50 and Rs. 301.70 respectively. So far 785675 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 312.50 on 04-Apr-2024 and a 52 week low of Rs. 207.85 on 28-Sep-2023.
Last one week high and low of the scrip stood at Rs. 312.50 and Rs. 273.40 respectively. The current market cap of the company is Rs. 115084.48 crore.
The promoters holding in the company stood at 63.71%, while Institutions and Non-Institutions held 19.00% and 17.29% respectively.
Vedanta has received approval to raise up to Rs 2500 crore through 2,50,000 nos. Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 1,00,000 each in one or more tranche. The duly authorized Committee of Directors at its meeting held on April 04, 2024, 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.
