Vedanta Share Price in Focus After ₹2,575 Crore NCD Issue Sees Strong Investor Demand

Vedanta Ltd is drawing market attention after its non-convertible debenture (NCD) issue attracted strong institutional demand, prompting the company to increase the fundraising size. The mining major is now set to raise ₹2,575 crore through the issue after exercising a greenshoe option following oversubscription. 

NCD Issue Expanded After Oversubscription 

The company initially launched a ₹2,000 crore base issue, but strong participation from institutional investors led Vedanta to activate a ₹575 crore greenshoe option, increasing the total issue size to ₹2,575 crore. 

The 3 year debentures are unsecured, rated and listed instruments offering a coupon rate of 8.95%, which is lower than the cost associated with some of the company’s recent borrowings. The issue has been assigned an ‘AA’ rating by ICRA, indicating relatively strong credit quality. The offering opened last week and is expected to close this week. 

Institutional Investors Participate in Fundraise 

Several large institutional investors participated in the issuance, including ICICI Prudential Mutual Fund, Kotak Mutual Fund and Aditya Birla Sun Life Mutual Fund. Other participants included UTI Mutual Fund, ICICI Prudential Pension Fund, banks and alternative investment funds. 

The fundraising forms part of Vedanta’s broader strategy to diversify its funding sources while refinancing existing obligations and lowering borrowing costs. 

Debt Reduction and Corporate Restructuring Plans 

Vedanta has been gradually improving its financial metrics. The company’s net debt-to-EBITDA ratio improved to 1.23x in the December quarter of FY25 from 1.40x, with management targeting a reduction to below 1x. At the group level, Vedanta Resources Ltd reduced its net debt to about $4.8 billion as of December 2025, down from $8.9 billion in March 2022. 

Investor appetite for Vedanta’s debt instruments has remained strong in recent years. A $500 million bond issued in October 2025 was oversubscribed 3 times, while an NCD issue in June last year saw nearly 60% oversubscription. Analysts also note that the group’s proposed demerger into five separate listed entities could simplify its corporate structure and potentially unlock value. 

Read More: Bank of Baroda Share Price in Focus; Secures $500 Million Syndicated Loan! 

Vedanta Share Price Performance  

As of 16 March 2026, at 10:33 AM, Vedanta Ltd share price is trading at ₹679.85 per share, reflecting a decline of 1.41% from the previous closing price. Over the past month, the stock has gained by 0.01%. 

Conclusion 

The strong demand for Vedanta’s latest NCD issue highlights continued investor interest in the company’s debt instruments as it focuses on reducing leverage, refinancing liabilities and progressing with its broader corporate restructuring plans. 

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