Vedanta Limited has informed the Exchange regarding allotment of 257500 securities pursuant to Non Convertible Securities at its meeting held on March 16, 2026
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Vedanta Limited has allotted 2,57,500 unsecured, redeemable, rated, listed, non-convertible debentures (NCDs) on a private placement basis. Each debenture has a face value of Rs 1,00,000, bringing the total amount raised to Rs 2,575 crore. The allotment was approved by the Committee of Directors of the company at a meeting held on March 16, 2026, at 11:11 AM IST. This follows an earlier intimation dated February 25, 2026, indicating the debenture issuance was planned in advance. The company has not disclosed the coupon rate or the specific use of proceeds in this filing.
This is a significant debt raise of Rs 2,575 crore that will increase Vedanta's overall debt levels and interest obligations. Shareholders should watch for the coupon rate and end-use details, as higher borrowing costs could pressure earnings, while the listed nature of these NCDs offers some transparency on pricing.