Vedanta’s Bold Debt Move: ₹2,600 Crore Raised Amid Market Uncertainty

Vedanta Limited has successfully raised ₹2,600 crore through the issuance of non-convertible debentures (NCDs), scaling down from its initial target of ₹3,500 crore due to tepid demand. The company offered headline yields of 9.40% and 9.50%, but ultimately agreed to pay investors an additional 25 basis points, effectively pushing the real cost to 9.65% and 9.75%.

 

Key Highlights:

This move comes at a crucial time for Vedanta, as the company navigates market volatility and investor sentiment. The decision to scale down the fundraising reflects cautious optimism, balancing liquidity needs with investor appetite.

 

Source: Economic Times