Vedanta board OKs Rs 2,500-cr NCD issue

September 22,2023

TheThe diversified minerals company will allot upto 2,50,000 secured, unrated, unlisted, redeemable NCDs of face value Rs 1 lakh each.

Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.

On consolidated basis, the miner's net profit tumbled 40.8% to Rs 3,308 crore in Q1 FY24 on 12.8% decline in revenue from operations to Rs 33,342 crore in Q1 FY24 over Q1 FY23.

Shares of Vedanta declined 0.84% to Rs 224.65 on the BSE.

Powered by Capital Market - Live News