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Vedanta to raise 12.50B rupees via debenture issue

Vedanta Ltd. is planning to issue nonconvertible debentures of up to 12.50 billion Indian rupees, according to an Oct. 5 report by the Press Trust of India.

In a Bombay Stock Exchange filing, the diversified miner said the move was approved at a Sept. 30 meeting.

As of Oct. 5, US$1 was equivalent to 66.55 Indian rupees.