Company proposes to offer rated, secured, redeemable, non cumulative, non-convertible debentures.
Around 250,000 tonnes of the output is consumed locally, making up for 36 percent of India's demand.
New Delhi: Metals and mining conglomerate Vedanta plans to raise up to Rs 350 crore through issuance of non-convertible debentures.
"Company proposes to offer rated, secured, redeemable, non cumulative, non-convertible debentures aggregating to Rs 350 crore," Vedanta Ltd said in a BSE filing.
In this regard, the company said that, it is holding a meeting of its duly constituted committee of the board next week.
Vedanta Ltd is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc-lead-silver, copper, iron ore, aluminium and commercial power.
The company has a presence across India, South Africa, Namibia, Australia and Ireland.
( Source : PTI )
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