Vedanta Resources plc's (VED.L) subsidiary Sesa Goa Ltd announced the final terms of an offering of Foreign Currency Convertible Bonds or FCCBs. The size of the offering is US$ 500 million.
The company said that the FCCBs will have a coupon of 5% per annum, payable semi-annually in arrear and will be convertible into equity shares. The company specified that the conversion price has been set at Rs. 346.88 per share.
The company intends to use offering proceeds to expand mining operations, for exploration for new resources, and to further develop its pig iron and metallurgical coke operations.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.