Vedanta to Raise Rs 2,575 Cr via NCDs; Strengthens Balance Sheet

• Vedanta Ltd's committee of directors approved raising up to Rs 2,575 crore through unsecured, redeemable, rated, listed, non-convertible debentures (NCDs).
• The funds will be raised via private placement of 2,57,500 NCDs, each with a face value of Rs 1,00,000.
• This fundraising aims to diversify funding sources, strengthen the balance sheet, refinance debt, and reduce borrowing costs.
• The company has seen strong investor interest in recent debt issuances, with past offerings being significantly oversubscribed.
• Vedanta is actively deleveraging its balance sheet and plans a corporate demerger to create five separate listed entities, aiming to unlock value.