trending Market Intelligence /marketintelligence/en/news-insights/trending/sTYP0kYrPB3z_5IvE8cK4g2 content esgSubNav
In This List

Vedanta to raise up to 3.5B rupees via notes issue

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


Vedanta to raise up to 3.5B rupees via notes issue

Vedanta Ltd. said May 31 that its board approved a plan to raise up to 3.5 billion Indian rupees via the issuance of nonconvertible debentures with a face value of 1 million rupees each.

The notes will be redeemable after two years following allotment.

The Vedanta Resources Plc unit received final approval in mid-May to double the capacity at its copper plant in southern India, after years of delays over environmental concerns.

As of May 30, US$1 was equivalent to 64.57 Indian rupees.