Vedanta Ltd. has approved plans to raise up to ₹3,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The decision was cleared by the company’s committee of directors as part of efforts to strengthen its capital structure and optimize borrowing costs.
According to a regulatory filing, the company will issue up to three lakh unsecured, rated, listed, and redeemable NCDs with a face value of ₹1 lakh each, aggregating to a total of ₹3,000 crore. The debentures will be listed on the BSE.
Vedanta has witnessed strong investor appetite for its previous debt offerings. A ₹500 million bond issue in October last year was reportedly oversubscribed three times, while an NCD issuance in June attracted nearly 60 percent oversubscription.
The latest fundraising move comes as the conglomerate continues its strategy of gradual deleveraging and refinancing existing liabilities to lower overall interest costs. By tapping both domestic and international debt markets, the company aims to maintain liquidity while improving its balance sheet profile.
Market observers note that favorable demand conditions and investor confidence in Vedanta’s operations could support the success of the upcoming issuance.
