New Delhi: Mining billionaire Anil Agarwal-led Vedanta Ltd has sought approval from shareholders to raise up to Rs 8,500 crore by issuing securities.
"We are submitting a copy of the Postal Ballot Notice...seeking the approval of the members of the company with respect to the issue of securities up to Rs 8,50 crore," the company said in a filing on BSE.
The filing said that e-voting for postal ballot will begin at 9 am on Thursday and end at 12 noon on June 21.
The company's board had earlier approved raising funds through instruments such as American Depositary Receipts, Global Depository Receipts and foreign currency convertible bonds.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world's leading natural resources companies with operations in countries such as India, South Africa, Namibia, Liberia and the United Arab Emirates.
"We are submitting a copy of the Postal Ballot Notice...seeking the approval of the members of the company with respect to the issue of securities up to Rs 8,50 crore," the company said in a filing on BSE.
The filing said that e-voting for postal ballot will begin at 9 am on Thursday and end at 12 noon on June 21.
The company's board had earlier approved raising funds through instruments such as American Depositary Receipts, Global Depository Receipts and foreign currency convertible bonds.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world's leading natural resources companies with operations in countries such as India, South Africa, Namibia, Liberia and the United Arab Emirates.
