Home / Business and Economy / Vedanta Approves Major Rs 3,500 Cr NCD Issue
Vedanta Approves Major Rs 3,500 Cr NCD Issue
18 Sep
Summary
- Vedanta plans to issue unsecured, listed NCDs worth Rs 3,500 crore.
- The NCDs will be issued on a private placement basis to investors.
- Company reported a 72% rise in net profit for Q1 FY27.
Vedanta's authorized Committee of Directors has approved the issuance of unsecured, rated, listed, redeemable, Non-Convertible Debentures (NCDs) aggregating up to Rs 3,500 crore. These debentures, with a face value of Rs 1,00,000 each, will be issued on a private placement basis in one or more series.
The securities are slated for listing on the Bombay Stock Exchange (BSE), providing liquidity for investors. This financial move comes as Vedanta reported strong Q1 FY27 results, with net profit surging by approximately 72% to Rs 5,473 crore compared to the same period last year.
Further financial details for Q1 FY27 indicate that Vedanta's revenue stood at Rs 23,456 crore, showing stability quarter-on-quarter. The company's stock closed on Friday, September 18, 2026, at Rs 267.60, reflecting a nearly 4% increase from its previous close.
