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Vedanta has said that it will be raising up to Rs 300 crore through private placement of non-convertible debentures (NCDs).
It has said in a regulatory filing that a committee constituted by Vedanta’s Board has approved offering for subscription, on a private placement basis, up to 3,000 secured, rated. listed, redeemable, NCDs of face value Rs 10 lakh each aggregating up to Rs 300 crore.
It added that the NCDs will be listed on the BSE and will mature on April 22, 2020.
