1773657152 unnamed file.jpg

Vedanta clears Rs 2,575 crore NCD fundraise to refinance debt, strengthen balance sheet

Vedanta Ltd on Monday said its committee of directors has approved raising up to Rs 2,575 crore through the issuance of non-convertible debentures (NCDs), as the company looks to diversify funding sources and strengthen its balance sheet.According to a filing with the BSE, the panel has cleared the allotment of 2,57,500 unsecured, redeemable, rated and…

Read More
Untitled design 25.jpg

Adani NCD issue: Rs 1,000 crore offer fully subscribed in 45 minutes; base size filled in 10 minutes

Adani Enterprises Limited’s (AEL) Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within just 45 minutes of opening on Tuesday.The base issue size of Rs 500 crore was fully subscribed in about 10 minutes, while overall subscription crossed Rs 1,000 crore, including the green shoe option, in under an hour. According…

Read More