Vedanta to use Rs 5,000 cr NCD funds to cut high-cost debt, save Rs 350 crore in interest

Vedanta Ltd plans to save ₹350 crore in interest by using ₹5,000 crore raised through unsecured NCDs to retire high-cost debt. The NCD issue was oversubscribed by 60%, attracting diverse investors like mutual funds and insurance companies. A portion of the funds will also be allocated to growth capex and other corporate purposes.