The Committee of Directors at Vedanta Limited approved the private placement issuance of Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs). The total issuance aggregates up to ₹3,000 Crores, comprising up to 3,00,000 NCDs, each with a face value of ₹1,00,000. The board meeting finalizing this approval was held on Wednesday, February 25, 2026.
Approval for Private Placement of NCDs
Vedanta Limited announced that its authorized Committee of Directors held a meeting on Wednesday, February 25, 2026, where they approved a significant debt issuance plan. The resolution focused on the issuance of Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) through a private placement basis.
Key Details of the Proposed Issuance
The specifics of the approved issuance are detailed as follows:
- Type of Security: Unsecured, Rated, Listed, Redeemable NCDs.
- Issuance Mode: Private Placement.
- Total Size: The issue aggregates up to ₹3,000 Crores.
- Volume and Face Value: This amount comprises up to 3,00,000 NCDs, each having a face value of ₹1,00,000/-.
- Listing Status: The securities are proposed to be listed on the BSE Limited.
Operational Information
Specific terms regarding the tenure, coupon/interest schedule, security, and special rights attached to the instruments will be governed As per the Disclosure Document. Furthermore, the announcement confirms that there are no applicable conditions regarding the delay in payment of interest or principal as of the date of the announcement. The meeting that sanctioned this issuance commenced at 11:30 a.m. IST and concluded at 12:40 p.m. IST on the approval date.
Source: BSE
