Hindustan Zinc on Tuesday said it has raised Rs 3,520 crore through issuance of non-convertible debentures (NCDs). ”The issuer today…approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis (’Issue’) by Hindustan Zinc,” the company said in a filing to BSE.
Hindustan Zinc is a leading zinc-lead miner. It is a subsidiary of Vedanta Ltd which owns 64.9 percent stake in the company while the Government of India holds 29.5 percent stake.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!