Vedanta raises ₹3,400 cr via NCDs
Parent Vedanta Resources gets board nod to postpone maturity of $3.2 bn in outstanding corporate bonds.
Parent Vedanta Resources gets board nod to postpone maturity of $3.2 bn in outstanding corporate bonds.
The Titan board also approves availing of long-term borrowings in long-term unsecured loans up to ₹1,000 cr
Development comes days after Abu Dhabi-based IHC recently raised its stake in Adani Ent to above 5%
The committee of directors of Vedanta on Thursday approved raising up to ₹2,500 crore through the issuance of NCDs in one or more tranches.
The board of PNB Housing Finance has approved the issuance of non-convertible debentures aggregating up to ₹5,000 crore on a private placement basis.
The board of Adani Transmission on Wednesday gave approval for the issuance of non-convertible debentures (NCDs) worth ₹1,500 crore in one or more tranches.
Transport minister Nitin Gadkari says mega infrastructure development is needed for the $5-trillion economy dream of PM Narendra Modi.
To stimulate a vibrant debt market, a balanced approach is necessary to ensure that investors and issuers are not deprived of the NCD route as a viable means of financing.