Vedanta Ltd Approves ₹3,000 Crore Fundraise via NCDs: Plans to Issue 3 Lakh Debentures

On February 25, 2026, Vedanta share price was trading 4.09% higher at ₹723.55. The stock has climbed 20% so far in the first two months of the year. The gain in Vedanta share price follows the board’s approval to raise up to ₹3,000 crore through non-convertible debentures (NCDs).

In a regulatory filing dated Wednesday, February 25, the company said it will issue unsecured, rated, listed and redeemable NCDs on a private placement basis. The planned issuance comprises up to 3,00,000 debentures with a face value of ₹1,00,000 each, aggregating to ₹3,000 crore.

BofA Securities Upgrades Stock on Strong Commodity Outlook

In a separate note released the same day, BofA Securities upgraded Vedanta, citing a positive outlook on aluminium prices, supportive silver trends and an attractive dividend yield of around 6% as key catalysts.

The brokerage also pointed to significant deleveraging at the parent company level, which it believes reduces the risk of any upward revision in the brand-fee rate on inter-corporate loans.

Factoring in stronger aluminium price forecasts, a higher fair valuation for Hindustan Zinc, depreciation of the rupee against the US dollar and a narrower holding company discount of 5–15%, BofA has raised its FY26–FY28 EBITDA estimates for Vedanta by 16–21%.

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