Hindustan Zinc raises Rs 3,520 cr via NCDs

New Delhi: Hindustan Zinc on Tuesday said it has raised Rs 3,520 crore through issuance of non-convertible debentures (NCDs).

"The issuer today...approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis ('Issue') by Hindustan Zinc," the company said in a filing to BSE.

Hindustan Zinc is a leading zinc-lead miner. It is a subsidiary of Vedanta Ltd which owns 64.9 per cent stake in the company while the Government of India holds 29.5 per cent stake.