Vedanta's committee of directors approves raising up to Rs 3,000 crore via NCDsVedanta plans to raise Rs 3,000 crore through Non-Convertible Debentures (NCDs) on a private placement basis. The decision follows the comp...
11 Feb, 2025, 08.14 PM IST
Vedanta to save Rs 1,000 crore in interest costs yearly on debt repaymentVedanta expects to save ₹1,000 crore annually in interest costs after utilizing proceeds from a recent ₹8,500 crore fund-raising to repay d...
07 Aug, 2024, 01.53 AM IST
Vedanta raises Rs 8,500 crore by selling 19 cr shares at Rs 440 apiece via QIPThe QIP witnessed significant interest from foreign institutional investors (FIIs), mutual funds, insurance companies and other investors, ...
19 Jul, 2024, 06.26 PM IST
Vedanta upsizes QIP to $1 billion on back of strong demandIn an exchange filing on Monday, the metals-to-oils conglomerate announced that its fundraising committee had approved the QIP's launch at ...
16 Jul, 2024, 03.29 PM IST
Vedanta announces launch of QIP, sets floor price at Rs 461.2 apieceEarlier in May, the company announced plans to raise up to Rs 8,500 crore to reduce its debt, with shareholder approval secured last month....
15 Jul, 2024, 09.24 PM IST
Vedanta to raise Rs 1,000 crore via debt issue; stock spikes 6%The billionaire Anil Agarwal-led Vedanta is in the middle of splitting into six different units in a move aimed at shoring up the group's f...
20 Jun, 2024, 01.23 PM IST
Vedanta to raise Rs 1,000 crore through private placement of NCDs, stock jumps over 6%Vedanta's shares surged 6.5% on BSE as the board approved a Rs 1,000 crore fundraise through non-convertible debentures via private placeme...
20 Jun, 2024, 01.04 PM IST
Vedanta to raise Rs 2,500 crore through debt securitiesThe fundraise will take place through the issue of non-convertible debentures on a private placement basis. The billionaire Anil Agarwal-le...
04 Apr, 2024, 03.38 PM IST
Oaktree Capital provides ₹3,400cr debt facilities to Vedanta for 18 monthsOaktree has stipulated that Vedanta would have to pay 17% interest on the debt in the event of a default, the people said. The proceeds wil...
23 Dec, 2023, 09.19 AM IST
Vedanta's board approves Rs 2,500-cr fundraise via NCDsThe natural resources major will raise funds through 250,000 debentures with a face value of ₹100,000 each. These debentures will be unrate...
22 Sep, 2023, 06.16 AM IST
Vedanta to raise up to Rs 2,500 crore via NCDsVedanta has two separate term loans of Rs 300 crore and Rs 1000 crore due on November 14, 2023, and on March 31, 2024, respectively. The fr...
21 Sep, 2023, 08.12 PM IST
UK's Vedanta Resources cuts gross debt by $1 billionVedanta Resources has paid all its maturing loans and bonds due in April 2023, the billionaire Anil Agarwal-led company said in a statement...
24 Apr, 2023, 06.27 PM IST
Vedanta plans to raise Rs 2,100 cr via NCDsVedanta will be issuing up to 21,000 secured, unrated, unlisted, redeemable NCDs of face value ₹10 lakh each in one or more tranches, as pe...
14 Apr, 2023, 07.22 AM IST
Vedanta Resources hires Cantor Fitzgerald to raise $2 billion to service debtNew York-headquartered Cantor offers a host of financial services including placement of high yield and distressed debt for its clients wor...
16 Feb, 2023, 10.36 AM IST
Vedanta Resources' liquidity hinges on fund-raising: S&P"However, sustaining liquidity beyond that would depend on the completion of at least one of two key ongoing transactions: a targeted USD 2...
09 Feb, 2023, 12.52 PM IST
Vedanta Resources launches overseas bond sale, eyes $1 billionMoody’s Investor Services graded the issuance with Caa1, a rank lower in the high-yield category. JP Morgan is helping the company raise th...
25 Feb, 2021, 12.01 PM IST
Vedanta promoters raise $1.4 billion to retire debtPromoters of Vedanta have pledged their holding in the company to raise $1.4 billion, mostly for repaying the debt that was coming up for m...
30 Dec, 2020, 07.34 AM IST