Vedanta, led by mining billionaire Anil Agarwal, has sought shareholder consent to raise up to Rs 8,500 crore through a bond issue. “We hereby submit a copy of the postal voting notification… seeking approval of the members of the company for issuance of securities up to Rs 8,500 crore,” the company said in a BSE filing.
Electronic mail-in voting will begin at 9 a.m. Thursday and end at 5 p.m. on June 21, according to the filing.
The company’s board of directors had previously approved raising capital through instruments including U.S. depositary receipts, global depositary receipts and foreign currency convertible notes.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world’s leading natural resources companies with operations across countries such as India, South Africa, Namibia, Liberia and the UAE.
