New Delhi, Apr 13 (PTI) The committee of directors of mining giant Vedanta Ltd has approved a proposal to raise up to Rs 2,100 crore by issuing non-convertible debentures (NCDs).

The proposal was approved on Thursday during a meeting of its Committee of Directors, Vedanta Ltd said in a regulatory filing.

Also Read | 'Christians Are in Danger, a False Picture', Centre to Supreme Court on Plea Alleging Attacks on Minority.

"Committee of Directors... on April 13, 2023, considered and approved for raising, on a private placement basis, up to 21,000 numbers secured, unrated, unlisted, redeemable, NCDs of face value Rs 10,00,000/ each aggregating up to Rs 2,100 crore in one or more tranche(s)," it added.

It will be issued on a private placement basis, the company said.

Also Read | UGC NET Results 2023: National Testing Agency To Release the Results Tomorrow; Students Can Check Results on ugcnet.nta.nic.in.

Vedanta Ltd, a subsidiary of Vedanta, is a diversified global natural resources company.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)