Hindustan Zinc looks to raise up to Rs 4,000 cr via NCDs

NEW DELHI: Vedanta group firm Hindustan Zinc Ltd (HZL) on Thursday said it proposes to raise up to Rs 4,000 crore via debentures.

“The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 4,000 crores in one or more tranches, and in this regard is holding a meeting of its duly constituted Committee of the Directors on September 22,” HZL said in a BSE filing.

The above issuance is pursuant to the approval of the board of directors in its meeting held on July 21, it added.