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The proceeds from the issuance of NCDs may be used towards repayment of parent Vedanta Resoucres' bonds worth nearly $2 billion, due in FY25.
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https://www.moneycontrol.com/news/business/markets/vedanta-in-focus-ahead-of-board-meet-to-mull-ncd-issue-2-bn-loan-due-date-nears-11384941.html
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