Board Clears Private Placement of Debentures
New Delhi, February 26: The Board of Directors of Vedanta Ltd has approved a proposal to raise up to ₹3,000 crore through debentures on a private placement basis, reinforcing its ongoing capital management strategy.The fundraising is aimed at...
Vedanta Board Clears ₹3,000 Crore Non Convertible Debenture Issue
Vedanta Ltd has approved a proposal to raise up to ₹3,000 crore through the issuance of non convertible debentures. The decision was cleared by the company’s board on Wednesday, February 25.According to the company’s exchange...
Shares of Vedanta Ltd climbed more than 5% in Wednesday’s trade, supported by fresh brokerage action, while JSW Steel Ltd advanced around 2% amid a pair trade recommendation from global brokerage Citi.The rally follows Citi’s initiation of a tactical pair trade, assigning an “Overweight”...