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The board of Vedanta on Wednesday approved a proposal to raise up to ₹4,500 crore by issuing non-convertible debentures. The company, in a filing to the BSE, said that the board-appointed committee of directors in a meeting today approved issuing on private placement basis up to 4,500 secured, rated, non-cumulative, redeemable, non-convertible debentures of face value ₹10 lakh each. The stock of Vedanta closed at ₹276, down 5.4 per cent, on the NSE.
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