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Vedanta gets nod to raise up to Rs 350 crore through NCDs

Vedanta has received an approval for raising funds up to Rs 350 crore through issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The board of directors at their meeting held on May 31, 2017, has approved for the same.

Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.

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