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Vedanta surges on getting nod to raise up to Rs 1,000 crore through NCDs
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Vedanta is currently trading at Rs. 449.60, up by 1.95 points or 0.44% from its previous closing of Rs. 447.65 on the BSE.
The scrip opened at Rs. 450.20 and has touched a high and low of Rs. 454.30 and Rs. 445.15 respectively. So far 351536 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 506.85 on 22-May-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. 477.60 and Rs. 441.60 respectively. The current market cap of the company is Rs. 168500.96 crore.
The promoters holding in the company stood at 59.32%, while Institutions and Non-Institutions held 25.08% and 15.60% respectively.
Vedanta has received approval from the duly constituted Committee of Directors of the Company to raise up to Rs 1,000 crore through allotment of 1,00,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value Rs 1,00,000 each on a private placement basis.
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.
