Vedanta shares gained on Thursday after the Anil Agarwal-led company reported production figures for the October-December quarter, and bondholders of its parent company approved its bond restructuring plan. 

Shares of Vedanta Ltd hit an intraday high of Rs 270.65, up 2.5% from the previous closing price on the National Stock Exchange (NSE). The stock of the metal mining company closed 0.83% higher at Rs 266.00.

Vedanta announced on Wednesday that it had received approval from over 95% of bondholders of its UK-based parent company, Vedanta Resources, for its restructuring plan to delay the maturity of a cumulative $3.2 billion of its outstanding corporate bonds that were due to mature starting later this month. 

The metal major also declared its production update for the October to December 2023 quarter. Vedanta reported its highest-ever nine months of mined metal & silver production in the first nine months of FY2024, with the mined metal production in the December quarter rising 7% year-on-year to 271 kilotonnes (kt). 

Further, In an exchange filing, the mining company said that it had duly allotted 3,40,000 units of secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) of face value Rs 1,00,000/- each on a private placement basis aggregating to Rs 3,400 crore.