The mining major’s base issue of Rs 2,000 crore was oversubscribed when it opened last week, prompting the company to exercise a Rs 575 crore greenshoe option, taking the total issue size to Rs 2,575 crore, sources said. The issue closes this week, according to PTI.
Other participants in the issuance included UTI Mutual Fund and ICICI Prudential Pension Fund, along with banks and alternative investment funds, sources said.
Vedanta has seen strong investor interest in recent debt issuances. In October 2025, its $500 million bond issue was oversubscribed three times, while an NCD offering in June last year saw nearly 60 per cent oversubscription, PTI report stated.
The company has been gradually deleveraging its balance sheet. According to a recent exchange filing, Vedanta Ltd’s net debt-to-EBITDA ratio improved to 1.23x from 1.40x in the December quarter of FY25, with a target to reduce it to below 1x.
At the parent level, Vedanta Resources Ltd has reduced net debt to about $4.8 billion as of December 2025 from about USDS 8.9 billion in March 2022.
The sustained investor interest comes amid robust operating performance across businesses, supported by higher volumes, cost efficiencies and favourable commodity trends, according to PTI.
The group is also undertaking a corporate demerger that will create five separate listed entities, a move analysts say could help unlock value and simplify its structure. (With Agency Reports)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
