Vedanta's stock may see action in Wednesday's trading. The company has informed about the approval of a big plan to raise funds after the market closed on Tuesday. The company said in the information sent to the stock market that the Committee of Directors has approved the plan to raise Rs 3000 crore. This amount is to be raised through non-convertible debentures. Today's announcement came after the market closed. Earlier in Tuesday's session, the stock closed with a decline of more than 3 percent.


What information has the company given? In the information sent to the stock market, the company said that the Committee of Directors in the meeting held on Tuesday, February 11, has approved the issuance of unsecured, rated, redeemable non-convertible debentures on private placement basis. Under this, 3 lakh NCDs with face value of Rs 100000 will be issued. The size of the issue is Rs 3000 crore. How was the performance of the stock? Vedanta's stock closed with a sharp decline on Tuesday. The stock fell 3.35 percent on BSE and closed at 421.35. The stock's year's highest level is 527 and year's lowest level is 250. The stock is 69 percent above its year's lowest level, while the stock is 20 percent below its year's highest level. The stock has increased 54 percent in a year.