<p>New Delhi: Mining conglomerate Vedanta Ltd on Tuesday said a committee of directors formed by the company's board has approved raising up to Rs 3,400 crore through non-convertible debentures.</p>.<p>The company will issue non-convertible debentures (NCDs) on a private placement basis in one or more tranhances.</p>.<p>"The duly authorised Committee of Directors at its meeting held today...considered and approved for raising, on a private placement basis, up to 3,40,000 numbers secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) of face value Rs 1,00,000 each aggregating up to Rs 3,400 crore in one or more tranche(s)," the company said in a stock exchange filing.</p>.<p>Vedanta Resources Ltd (VRL), the UK-headquartered parent company of Vedanta group, had said last week that it secured a Rs 10,40,062 crore ($1.25 billion) loan from private lenders to refinance part of its Rs 26,625 crore ($3.2 billion) debt maturing in 2024 and 2025.</p>.Vedanta board approves second interim dividend of Rs 4,089 cr for FY24.<p>In a statement, Vedanta Resources said the fresh fund to be raised will help 'create a long-term sustainable capital structure' and demonstrate its continued ability to access global capital markets and investor confidence in the underlying business.</p>.<p>Vedanta Group has significant operations in businesses like oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power, and glass substrate.</p>
<p>New Delhi: Mining conglomerate Vedanta Ltd on Tuesday said a committee of directors formed by the company's board has approved raising up to Rs 3,400 crore through non-convertible debentures.</p>.<p>The company will issue non-convertible debentures (NCDs) on a private placement basis in one or more tranhances.</p>.<p>"The duly authorised Committee of Directors at its meeting held today...considered and approved for raising, on a private placement basis, up to 3,40,000 numbers secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) of face value Rs 1,00,000 each aggregating up to Rs 3,400 crore in one or more tranche(s)," the company said in a stock exchange filing.</p>.<p>Vedanta Resources Ltd (VRL), the UK-headquartered parent company of Vedanta group, had said last week that it secured a Rs 10,40,062 crore ($1.25 billion) loan from private lenders to refinance part of its Rs 26,625 crore ($3.2 billion) debt maturing in 2024 and 2025.</p>.Vedanta board approves second interim dividend of Rs 4,089 cr for FY24.<p>In a statement, Vedanta Resources said the fresh fund to be raised will help 'create a long-term sustainable capital structure' and demonstrate its continued ability to access global capital markets and investor confidence in the underlying business.</p>.<p>Vedanta Group has significant operations in businesses like oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power, and glass substrate.</p>