Vedanta surges on getting nod to raise funds up to Rs 2,100 crore

Vedanta is currently trading at Rs. 279.00, up by 3.30 points or 1.20% from its previous closing of Rs. 275.70 on the BSE.

vedanta gains on reporting 44 rise in q2 consolidated net profit

The scrip opened at Rs. 274.25 and has touched a high and low of Rs. 279.70 and Rs. 273.50 respectively. So far 357083 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 437.30 on 19-Apr-2022 and a 52 week low of Rs. 206.10 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 279.70 and Rs. 269.00 respectively. The current market cap of the company is Rs. 103747.03 crore.

The promoters holding in the company stood at 69.69%, while Institutions and Non-Institutions held 19.01% and 11.31% respectively.

Vedanta has received an approval to raise funds on a private placement basis through issuance of up to 21,000 nos. Secured, Unrated, Unlisted, Redeemable, Nonā€Convertible Debentures (NCDs) of face value Rs 10,00,000 each aggregating up to Rs 2,100 crore in one or more tranche(s). The duly authorized Committee of Directors at its meeting held on April 13, 2023, considered and approved the same.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

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