The company said that this issue will be done on private placement basis. The company can use this fund for its business needs, loan repayment or other corporate purposes. The proposed NCDs will be listed on BSE. Vedanta said in the filing that details related to tenure, coupon, interest payment schedule and security, if any, will be stated in the offer document. The company also said that till date there has been no delay or default in payment of interest or principal on its loan.
Vedanta Share: Company’s board approved to raise Rs 3000 crore through NCDs – action seen in shares – Market
