Vedanta share price will remain in focus this week after the company announced that it will consider a proposal to raise funds through the issuance of non-convertible debentures (NCDs). The company said its duly constituted Committee of Directors will meet on Wednesday, February 25, 2026, to evaluate the proposal for issuing NCDs on a private placement basis as part of its routine refinancing undertaken in the ordinary course of business.
The proposed issuance is pursuant to a Board resolution passed on January 31, 2025.
On Monday, Vedanta share price trading 0.6% lower at ₹678.25 compared with the previous close of ₹68.45. The company’s market capitalisation stood at ₹2.66 lakh crore, keeping the stock firmly on investors’ radar.
Vedanta recently reported a 60% year-on-year rise in consolidated profit after tax (PAT) to ₹7,807 crore for the quarter ended December 2025 (Q3 FY26). The strong earnings performance, along with progress on its demerger plan, has supported the stock. Since the beginning of 2026, Vedanta shares have delivered over 12.58% returns, outperforming the benchmark BSE Sensex, which has declined about 2.41% during the same period.
Vedanta is in the final stages of restructuring its business into five separately listed entities, expected to be completed by May 2026. One of the most closely watched verticals is its oil and gas business, which will operate independently as Vedanta Oil & Gas Ltd from April 1.
The demerger aims to unlock value, reversing an earlier consolidation exercise undertaken by chairman Anil Agarwal. Vedanta had entered the oil and gas sector in 2011 by acquiring a majority stake in Cairn India from Capricorn Energy PLC (formerly Cairn Energy PLC), and later merged the business into Vedanta in 2017.
As Vedanta approaches its demerger, its core aluminium and zinc businesses are benefiting from favourable commodity cycles. However, the oil and gas division remains at the lower end of its cycle, grappling with declining production and delayed projects.
The proposed NCD issuance comes at a critical juncture as Vedanta balances refinancing needs, operational turnaround efforts in oil and gas, and its broader restructuring strategy. Investors will closely track the February 25 board meeting outcome and progress on production revival as the company moves toward its multi-entity structure.

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