Vedanta Ltd Approves Raising Rs 2,575 Crore via Non-Convertible Debentures

Vedanta Ltd's board has approved raising up to Rs 2,575 crore through the issuance of 2,57,500 unsecured, redeemable, rated, listed non-convertible debentures via private placement. This move aims to diversify funding sources, strengthen the balance sheet, and reduce borrowing costs amid ongoing debt refinancing. The company has seen strong investor interest in recent issuances and is undertaking a corporate demerger to create five listed entities, potentially unlocking value and simplifying its structure.