Vedanta Ltd will issue ₹1,000 crore in non-redeemable non-convertible debentures (NCDs) with a 15-month tenure linked to MIBOR, paying 3.75% over the one-month overnight indexed swap rate. Funds will be used for debt repayment and capital expenditure. As of March 2024, Vedanta's gross debt was ₹71,759 crore. The company plans to demerge its businesses into separate entities to reduce refinancing risks. Despite this, Vedanta Resources Ltd (VRL) faces significant refinancing needs and liquidity risks due to large debt maturities and interest obligations.
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