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Vedanta stock saw a dip of 0.63% on Monday, closing at Rs. 370.
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During the day, the stock dropped to Rs. 360.25.
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Vedanta Limited is planning to raise about Rs. 2,500 crore through bond issuance
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The raised funds will be used for various projects and repayment of existing loans.
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The bond will have a maturity period of three to five years.
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Vedanta Limited is reaching out to investors with the help of JP Morgan to improve its financial stability and market standing.
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Vedanta Limited is continuing its refinancing and capital raising activities.
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A committee of directors approved a plan to raise funds through a private placement of non-convertible bonds.
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These financial activities are important not only for the company but also for shareholders