Vedanta Limited has informed the Exchange regarding 'Allotment of Non-Convertible Debentures'.
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Vedanta Limited has allotted Non-Convertible Debentures (NCDs) worth a total of ₹5,000 Crore on a private placement basis. The issue is split into three series: Series 1 of ₹2,400 Crore (2,40,000 debentures), Series 2 of ₹1,750 Crore (1,75,000 debentures), and Series 3 of ₹850 Crore (85,000 debentures), each with a face value of ₹1,00,000. All debentures are unsecured, redeemable, rated, listed, and denominated in Indian Rupees. The allotment was approved by the Committee of Directors on June 5, 2025, following an earlier intimation dated May 30, 2025.
This ₹5,000 Crore NCD issuance will help Vedanta raise fresh debt capital, potentially for refinancing existing debt, funding capex, or general corporate purposes. The move could increase the company's debt burden and lead to higher interest expenses, which may weigh on profitability. Shareholders should watch for the coupon rate and end-use of proceeds in subsequent disclosures.