Mining major Vedanta today said it will raise up to Rs 1,250 crore through issuance of non-convertible debentures (NCDs).
“The Committee of Directors of the Board of Directors of the company in their meeting held on September 30, 2016 has approved issuance of non-convertible debentures up to Rs 1,250 crore,” Vedanta Ltd said in a BSE filing.
Last week, on September 30, Vedanta elevated G R Arun Kumar as the Chief Financial Officer (CFO) of the Vedanta Group. Kumar will be the CFO for both London-listed Vedanta Resources as well as BSE and NSE-listed Vedanta Ltd, like the outgoing CFO D D Jalan.
Kumar, currently Deputy CFO at Vedanta, will take over from Group CFO and Whole-time Director of Vedanta Ltd Jalan on his superannuation, effective September 30, it said in a statement.
Shares of Vedanta Ltd were trading 2.59 per cent higher at Rs 192 on BSE.