Up 50% in 1 year, Vedanta raises ₹2,000 crore via NCDs: Check full details - what it means for shareholders, company
Vedanta moved higher with September 18 in focus.
· LiveMint Markets, BS Companies
Vedanta Ltd has raised ₹2,000 crore via private placement of 2 lakh non-convertible debentures, each valued at ₹1 lakh. This move is part of its debt capital-raising efforts, following a September 18 announcement to raise up to ₹3,500 crore through NCDs.
Key facts
- Dates in focus
- September 18
The analysis
Vedanta reported ₹2,000 crore, ₹1 lakh and ₹3,500 crore, with movement of 50% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.8% on the day at ₹254.15, and has returned -5.8% over three months. It sits 68% below its 52-week high, which means a good deal of bad news was already in the price.
Market context
- The company directly in focus is VEDL.