Vedanta clears Rs 2,575 crore NCD fundraise to refinance debt, strengthen balance sheet

Vedanta Ltd on Monday said its committee of directors has approved raising up to Rs 2,575 crore through the issuance of non-convertible debentures (NCDs), as the company looks to diversify funding sources and strengthen its balance sheet. According to a filing with the BSE, the panel has cleared the allotment of 2,57,500 unsecured, redeemable, rated and listed NCDs of face value Rs 1,00,000 each, aggregating to Rs 2,575 crore on a private placement basis, PTI reported.The fundraising is part of Vedanta’s ongoing efforts to refinance debt and reduce borrowing costs. The company has witnessed strong investor interest in recent debt issuances.In October 2025, its $500 million bond issue was oversubscribed three times, while an NCD offering in June last year saw nearly 60 per cent oversubscription.Vedanta has also been gradually deleveraging its balance sheet. Vedanta Resources Ltd, the parent company, has reduced net debt to about $4.8 billion as of December 2025 from around $8.9 billion in March 2022.The sustained investor interest comes amid robust operating performance across businesses, supported by higher volumes, cost efficiencies and favourable commodity trends.The group is also undertaking a corporate demerger that will create five separate listed entities, a move analysts say could help unlock value and simplify its structure.Vedanta Ltd is a leading global producer of metals, critical minerals, oil and gas, power and technology.