Vedanta board to meet on September 21 to consider bond issue

Vedanta Ltd board will meet on September 21 to consider raising non-convertible debentures, the company informed the stock exchange without giving any additional details.

The company has two separate term loans of Rs 300 crore and Rs 1000 crore due on November 14, 2023 and on March 31, 2024 respectively. The fresh issues of bonds would be to meet the capex requirements or repay these terms loans.