Hindustan Zinc appears to lift as much as Rs 4,000 cr through NCDs

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NEW DELHI: Vedanta group agency Hindustan Zinc Ltd (HZL) on Thursday stated it proposes to lift as much as Rs 4,000 crore through debentures.

“The corporate proposes to supply rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating as much as Rs 4,000 crores in a number of tranches, and on this regard is holding a gathering of its duly constituted Committee of the Administrators on September 22,” HZL stated in a BSE submitting.

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

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