Vedanta board clears Rs 3,000 crore NCD fundraise

Vedanta's board has greenlit a ₹3,000 crore fundraising initiative via unsecured, rated, and listed non-convertible debentures. These instruments, with a face value of ₹1,00,000 each, are slated for listing on the BSE. CRISIL has assigned a 'CRISIL AA' rating to these NCDs, placing them under 'Rating Watch with Developing Implications'.