Vedanta Ltd to raise Rs 3,000 crore via NCDs; stock jumps 4%

• Vedanta Ltd's board approved raising up to Rs 3,000 crore through non-convertible debentures (NCDs).
• The company's stock surged over 4% in trading today, reaching Rs 723.50.
• The NCDs will be unsecured, rated, listed, and redeemable, issued on a private placement basis.
• Vedanta plans to issue up to 3,00,000 NCDs, each with a face value of Rs 1,00,000.
• The proposed NCDs will be listed on BSE, with further details to be disclosed in the offer document.