Vedanta plans to raise Rs 2,500 crore through debentures, and its stock is up
Vedanta, a conglomerate dealing in metals and oil, announced on Thursday its plan to raise Rs 2,500 crore ($299.6 million) via way of debt instruments. The funds will be raised via the issuance of non-convertible debentures through private placement. The purpose for which the funds will be utilized was not specified by the company led…