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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.