Hot Pursuit     18-Sep-23
Vedanta board to mull NCD issue
The diversified minerals company announced that it's committee of directors will meet on Thursday, 21 September 2023 to consider the proposal for issuance of non-convertible debentures (NCDs) on a private placement basis.
The mining company stated that the proposal is part of its routine refinancing that is undertaken in ordinary course of business.

Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.

On consolidated basis, the miner's net profit tumbled 40.8% to Rs 3,308 crore in Q1 FY24 on 12.8% decline in revenue from operations to Rs 33,342 crore in Q1 FY24 over Q1 FY23.

Shares of Vedanta added 0.44% to Rs 237.50 on the BSE.

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