The Board constituted Committee of Directors at Vedanta Limited approved the issuance of Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) via private placement. The total issue size is aggregated up to ₹3,000 Crores, with each NCD having a face value of ₹1,00,000. The decision was finalized during the meeting held on Wednesday, February 25, 2026. Further details regarding tenure and coupon rates are specified in the required disclosure documents.
Approval for Private Placement of NCDs
Vedanta Limited announced that its authorized Committee of Directors has granted approval for the issuance of new debt instruments. This issuance will be conducted through a Private Placement basis, as detailed in the filing dated February 25, 2026.
Key Details of the Proposed Issuance
The securities approved for issuance are Unsecured, Rated, Listed, and Redeemable Non-Convertible Debentures (NCDs). The terms of the issuance are summarized as follows:
- Security Type: Unsecured, Rated, Listed, Redeemable NCDs (Face Value: ₹1,00,000/- each).
- Issuance Method: Private Placement.
- Total Amount: The issuance is approved for up to 3,00,000 nos. of NCDs, aggregating up to ₹3,000 Crores.
- Listing Status: The securities are proposed to be listed on the BSE Limited.
- Charges/Security: Any charge or security created over the assets will be detailed As per the Disclosure Document.
- Interest/Principal Payment: Details regarding the coupon/interest schedule and principal repayment schedule are As per the Disclosure Document.
- Default Provisions: Delay in payment of interest or principal for more than three months is Not applicable as on date.
Meeting Schedule
The meeting of the Committee of Directors, where these approvals were granted, commenced at 11:30 a.m. IST and concluded at 12:40 p.m. IST on the same day.
Source: BSE
