The NCDs have a credit rating of “CRISIL AA/Stable”. They will mature after 10 years from the deemed date of allotment.

Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.

The company reported 10% drop in consolidated net profit to Rs 5,799 crore on a 41% increase in revenue from operations to Rs 39,342 crore in Q4 FY22 over Q4 FY21.

The scrip fell 1.49% to end at Rs 316.75 on the BSE on Friday.