Vedanta seeks shareholders’ approval for Rs 8,500 crore fundraise
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world’s leading natural resources companies spanning across countries like India, South Africa, Namibia, Liberia and UAE. Photo: Bloomberg
Mining billionaire Anil Agarwal-led Vedanta Ltd has sought shareholders’ nod to raise up to Rs 8,500 crore through issuance of securities.
“We hereby submit a copy of Postal Ballot Notice….seeking approval of the Members of the company in respect of…issuance of securities up to Rs 8,500 crore,” the company said in a filing on the BSE.
The e-voting for postal ballot will start at 9 am on Thursday and will end at 5 pm on June 21, the filing said.
The company’s board had earlier approved raising funds via instruments like American depository receipts, global depository receipts and foreign currency convertible bonds.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world’s leading natural resources companies spanning across countries like India, South Africa, Namibia, Liberia and UAE.
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First Published: May 22 2024 | 10:19 PM IST