Vedanta successfully raises ₹2,575 crore through NCD offering with strong institutional demand. The mining company's three-year unsecured debentures were priced at 8.95% coupon, marking a lower borrowing cost compared to recent issuances. Major investors including ICICI Prudential Mutual Fund, Kotak Mutual Fund, and Aditya Birla Sun Life participated in the oversubscribed offering, which exceeded the base issue of ₹2,000 crore. The debentures received an AA rating from Icra Limited. This fundraising reflects Vedanta's strategic focus on diversifying funding sources and strengthening its balance sheet. The company continues to deleverage effectively, improving its net debt-to-EBITDA ratio to 1.23x from 1.40x and targeting below 1x. Recent debt issuances have demonstrated sustained investor confidence, with a $500 million bond offering oversubscribed three times in October 2025.
