Hindustan Zinc Approves Fund Raise of up to 5 Billion Rupees via NCDs

Hindustan Zinc Ltd, a Vedanta Group company, today announced that its Committee of Directors has approved raising funds of up to 5 billion rupees through the issuance of non-convertible debentures (NCDs) on a private placement basis. The decision was made at a meeting held on March 10, 2025, as previously intimated. The company stated that the fund-raising is subject to market conditions and necessary approvals from regulatory authorities. This move follows the board's resolution on January 28, 2025, authorizing the exploration of debt-raising options. The funds raised will be utilized for general corporate purposes and to strengthen the company's financial position.

Source: BSE