Vedanta plans Rs 3,000 crore bond sale next week
CitiCiti(US:C) The Economic Times·2026-03-07 02:35

Group 1 - Vedanta Ltd plans to raise approximately ₹3,000 crore through a domestic bond issuance to refinance upcoming obligations and improve liquidity [4] - The three-year bonds are expected to carry a coupon of around 8.75%, while the five-year notes may offer roughly 9% [4] - Barclays Plc and Citigroup Inc are acting as arrangers for the bond transaction, which could be launched as early as next week targeting domestic institutional investors [4] Group 2 - Vedanta is undergoing a demerger of its aluminium, oil and gas, power, and iron and steel businesses into separate standalone listed entities, expected to conclude by the end of the financial year [4] - The National Company Law Tribunal (NCLT) approved the demerger scheme under sections 230-232 of the Companies Act on December 16, 2025 [3] - The listing of the five spun-off entities is anticipated to be completed by the first quarter of 2026-27 [4]