Vedanta Board Greenlights ₹3,000 Crore Capital Raise via NCDs

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Vedanta Board Approves ₹3,000 Crore Fundraise via NCDs; BofA Upgrades Stock

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CNBC TV18•25-02-2026, 13:03

Vedanta Board Approves ₹3,000 Crore Fundraise via NCDs; BofA Upgrades Stock

•Vedanta Ltd's board approved raising up to ₹3,000 crore through non-convertible debentures (NCDs) on a private placement basis.
•The company plans to issue 3,00,000 NCDs, each with a face value of ₹1,00,000.
•BofA Securities upgraded Vedanta's stock to "buy" from "neutral," increasing its price target by 75% to ₹840.
•The upgrade is based on a bullish outlook for aluminium, supportive silver prices, and an attractive dividend yield of around 6%.
•BofA raised FY26-FY28 EBITDA estimates for Vedanta by 16-21%, citing higher aluminium forecasts and reduced holding company discount.

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