← Top stories
Funding and debt● Neutral for Vedanta
Vedanta lines up FY's first rupee debt sale, bankers say
The brief
- Vedanta plans to raise ₹3,500 crore through three-year bonds
- The bonds could carry a coupon of about 8.75%
- Vedanta’s borrowing costs matter to its shares and Indian metals investors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| VEDL | Fri, 25 Sept | −0.4% | −0.8% | 0.4× | −0.4% · Nifty +0.3% |
- India needs to utilise resources beneath earth to become self-sufficient: Anil Agarwal
- Vedanta’s Anil Agarwal backs mineral exploration, says India must shed ‘country of import’ tag
- Vedanta seeks Niyamgiri mining revival, pitches ₹1 lakh crore Odisha investment
- Vedanta urges Odisha govt to accelerate ₹1 trillion investment proposals
- Vedanta group announces ₹1 lakh crore investment drive in Odisha; targets 50,000 jobs