Stock Market LIVE Updates | Vedanta Slips In Trade

Shares of Vedanta are in the red for the third day today, down 0.5 percent at the moment.

The company's board meet on Thursday approved raising funds to the tune of Rs 2,500 crore through the issue of secured, unrated, unlisted, redeemable NCDs.

The company will issue 2.5 lakh NCDs which will have a face value of Rs 1 lakh each. The issue will be done on a private placement basis. The NCDs could be issued in one or more tranches.

The stock has fallen 28.7 percent this year, so far.