The duly authorized Committee of Directors of Vedanta Ltd at its meeting held today i.e. Wednesday, January 08, 2020, considered and approved offering for subscription, on a private placement basis, up to 20,000 nos. Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs. 10,00,000/- each aggregating up to Rs. 2000 Crores in one or more tranches.
The tenure of the instrument is upto 10 years from the deemed date of allotment. The NCDs will be listed at BSE Limited.
Shares of Vedanta Limited was last trading in BSE at Rs.157.35 as compared to the previous close of Rs. 156.1. The total number of shares traded during the day was 772718 in over 4881 trades.
The stock hit an intraday high of Rs. 158.2 and intraday low of 152.5. The net turnover during the day was Rs. 120496680.