BackVedanta to raise up to Rs1,250 crore via NCDs
Vedanta meet on 30 September approved issuance of non-convertible debentures up to Rs1,250 crore
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New Delhi: Mining major Vedanta on Monday said it will raise up to ₹ 1,250 crore through issuance of non-convertible debentures (NCDs).
“The Committee of Directors of the Board of Directors of the company in their meeting held on 30 September 2016 has approved issuance of non-convertible debentures up to ₹ 1,250 crore," Vedanta Ltd said in a Bombay Stock Exchange (BSE) filing.
Last week, on 30 September, Vedanta elevated G. R. Arun Kumar as the chief financial officer (CFO) of the Vedanta Group.
Kumar will be the CFO for both London-listed Vedanta Resources as well as BSE and NSE-listed Vedanta Ltd, like the outgoing CFO D. D. Jalan.
Kumar, currently deputy CFO at Vedanta, will take over from Group CFO and whole-time director of Vedanta Ltd, Jalan on his superannuation, effective 30 September, it said in a statement.
Shares of Vedanta Ltd were trading 2.59% higher at ₹ 192 on BSE.
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