News Flash: Vedanta Board Meeting on Dec 9 For Fund Raising Proposal

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News Flash: Vedanta Board Meeting on Dec 9 For Fund Raising Proposal
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The mining major Vedanta (NS: VDAN ) has announced that it will consider raising an amount of up to Rs 500 crore through debentures. For this, the company will hold a board meeting on Friday, Dec 9, 2022.

As per the latest exchange filing, Vedanta has informed that its committee of directors shall meet on Friday this week to consider the offer of rated, unsecured, redeemable, non-cumulative, non-convertible debentures totalling upto Rs 500 crore in either a single or multiple tranches.

Shares of the mining major traded 0.46% lower at Rs 313.1 apiece at the time of writing, after touching the day's high at Rs 315.5 apiece on Wednesday.

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