Vedanta to raise Rs 5,000 crore via NCDs; offers up to 9.45% coupon...

Dununu.com Dununu

Sponsorluk

Vedanta to raise Rs 5,000 crore via NCDs; offers up to 9.45% coupon

RSS Feed Business

Posted

58

Vedanta Ltd is poised to raise up to Rs 5,000 crore through private placement of secured non-convertible debentures (NCDs). The offering, with staggered maturities, features a coupon of around 9.35%-9.45%, higher than sovereign bond yields. Proceeds will be used for debt repayment and capital expenditure. Anchor investors include prominent mutual funds and insurance companies.

Read Full Article

Please log in to like, share and comment!

Man mistakenly deported to El Salvador coming back to US; faces federal charges on return: Report

Kilmar Abrego Garcia, wrongly deported to El Salvador in March, will return to the US to face...

By 0 0

EAC-PM gets new head, part time members

By 0 7

'No change in stance on crypto, concerned over risks to policy, stability'

The RBI maintains its cautious stance on cryptocurrency, citing potential risks to financial...

By 0 7

US team in town, govt eyes initial tranche of trade deal with US

India and the US are actively engaged in discussions to finalize an initial tranche of a...

By 0 7

Sebi corrects its order on IndusInd Bank

By 0 7